Is my right hon. Friend aware how welcome the Shipbuilding Credit Act has been in assisting the shipbuilding industry to meet unfair competition from abroad? Will he reconsider his decision not to extend this credit further, in view of the continuance of subsidisation abroad and the difficulties that this is bound to create in the future for our shipbuilding industry?
No, Sir. There will be no extension of that Measure. It was brought in as a once-for-all Measure, in order to give the shipbuilding industry a breathing space in which to reorganise itself and become competitive. That I hope it is doing. I know that it is considering a number of measures which, so far, it has not announced.
Yes. There has been a great improvement not only as a result of the Act but because of other circumstances. Our yards received a large number of orders in the early part of this year.