Skip to main content

British Shipbuilders

Volume 959: debated on Wednesday 29 November 1978

The text on this page has been created from Hansard archive content, it may contain typographical errors.

asked the Secretary of State for Industry whether the shipbuilding intervention fund has been used for the order received by British Shipbuilders from the Bank and Savill Line; how this compared with the intervention fund payment proposed in the British Shipbuilders tender for the European Ferries Limited order: and if he is satisfied that the financing of both these proposed orders are within the Organisation for Economic Co-operation and Development rules.

British Shipbuilders are seeking assistance from the intervention fund to obtain the order from Bank Line and Shaw Savill Line. The amount of assistance sought is similar to that sought by British Shipbuilders in their unsuccessful tender for the European Ferries order. All assistance given under the intervention fund is fully in accordance with our international obligations.