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Mr. Kilfedder
asked the Secretary of State for Northern Ireland what funds from public sources were invested in Harland and Wolff Ltd., Belfast, by way of (a) loan and (b) grant prior to the appointment of Mr. Ivor Hoppe; how much was invested during his period of office; and what proportion of the total receipts of the company was represented by such funds during Mr. Hoppe's term of office.
Mr. Concannon
Grants and loans paid to Harland and Wolff Ltd. from public funds during these periods were as follows:—
(1) January 1966 to August 1971 £ million | (2) September 1971 to July 1974 (Mr. Hoppe's period as Managing Director) £ million | |
Grant | 20·0 | 26·5* |
Loan | 14·75 | 5·0 |
Total | 34·75 | 31·5 |
* Includes grant and waiver of interest amounting to over £15 million negotiated prior to Mr. Hoppe's appointment, but paid while he was in post. |