Shipbuilding Industry

Part of Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 20th January 1948.

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Photo of Sir Stafford Cripps Sir Stafford Cripps , Bristol East 12:00 am, 20th January 1948

Until the United States Congress has completed its consideration of the proposed measures to aid European recovery, discussion with the United States Administration of any of the proposals before the Congress would be inappropriate. Consequently no agreement has been reached or is at present contemplated in regard to the building of tankers at the expense of other types of ship. In fact, however, tankers represent an increasing proportion of the new tonnage to be laid down. Since the figures in the Paris Report were prepared last summer, some adjustment has had to be made in the estimate of United Kingdom shipbuilding output owing to the increasing shortage of materials.