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Scott Lithgow Limited

Volume 934: debated on Wednesday 29 June 1977

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asked the Secretary of State for Industry whether negotiations have taken place to bring Scott Lithgow Group's remaining shipbuilding operations into British Shipbuilders.

Certain subsidiary companies of Scott Lithgow Limited are listed in Schedule 2 to the Aircraft and Shipbuilding Industries Act 1977 as companies which will vest in British Shipbuilders on 1st July 1977. Certain of its remaining subsidiaries are, nevertheless, an integral part of the group's shipbuilding operations, as are the facilities owned by Scott Lithgow Drydocks Limited. With the agreement of the Scott Lithgow Group and British Shipbuilders arrangements have been made for Scott Lithgow Limited, which manages the shipbuilding business, and Scott Lithgow Drydocks Limited, which is its ship-repair company, to vest in British Shipbuilders on 1st July 1977 in the same way as companies listed in Schedule 2 to the Act. The companies in the Scott Lithgow Group at present listed in Schedule 2 to the Act will thus now come into public ownership as subsidiaries of Scott Lithgow Limited rather than being vested directly in the Corporation.