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Mr. Wakeham
asked the Secretary of State for Industry what representations his Department has received concerning the restoration of discretion to finance houses to grant marine mortgages for more than two years; and what estimate he has made of the likely increase in sales of small boats if the period for marine mortgages were extended to five years.
Mr. Meacher
My right hon. and noble Friend the Minister of State saw a delegation from the Ship and Boat Builders National Federation in December 1974 and has since received further representations on this subject from the federation. I regret that it is not possible to estimate the increase in sales that would result if the mortgage period were extended.