Shipbuilding Credit Scheme

Oral Answers to Questions — Board of Trade – in the House of Commons at 12:00 am on 3rd December 1964.

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Mr. Edward M. Taylor:

asked the President of the Board of Trade what plans he has for extending the Shipbuilding Credit Scheme.

Photo of Mr Rafton Pounder Mr Rafton Pounder , Belfast South

asked the President of the Board of Trade whether he intends to renew the shipbuilding credit facilities for a further period.

Photo of Mr Roy Mason Mr Roy Mason , Barnsley

My right hon. Friend has no plans for renewing or extending the Shipbuilding Credit Scheme.

Mr. Taylor:

Is the Minister of State aware that his reply will cause great concern in the shipbuilding industry? Is he aware just how much the industry has benefited from the two years of stability which this scheme has provided? In arriving at this decision, did he take into account the fact that the shipbuilding industry provides a great deal of employment in areas of high unemployment and that in the west of Scotland alone more than 70 per cent. of families depend, directly or indirectly, on this industry? Will he, therefore, review this decision?

Photo of Mr Roy Mason Mr Roy Mason , Barnsley

We are fully aware of the concern which is felt in the shipbuilding industry over the running down of orders following the end of the Shipbuilding Credit Scheme. There is a fair volume of orders still within the industry and this will give us time to make a full appraisal of the fundamental problems facing the industry. That is the practical survey which I am now carrying out.

Photo of Miss Irene Ward Miss Irene Ward , Tynemouth

Will the Minister repeat to the House the pledges made in shipbuilding areas during the election?

Photo of Mr Roy Mason Mr Roy Mason , Barnsley

I was not personally responsible for any of those. [HON. MEMBERS: "Oh."]

Photo of Miss Irene Ward Miss Irene Ward , Tynemouth

The Minister is speaking for the Government.

Mr. Taylor:

I wish to give notice that in view of the unsatisfactory nature of the Minister's reply, I will raise the matter on the Adjournment.