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Ports (Financial Assistance)

Volume 13: debated on Friday 27 November 1981

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asked the Secretary of State for Transport how much of the £160 million limit in section 1(3) of the Ports (Financial Assistance) Act 1981 has been spent; and if he will give details of how these funds have been expended.

About £104 million has now been paid out or committed. This is made up as follows:

Port of London£ million
Severances43
Cashflow deficits*16
Guarantee for commercial loan25
Total84
Mersey Docks and Harbour Company£ million
Severances9
Cashflow deficits*11
Total20
* Cashflow deficit grants have only been paid since February 1981, and include essential capital expenditure.