It dropped in 1962 - and this is the important thing - when there was no Crisis in World Shipbuilding.
These measures to alleviate the industrial and social effects of the World Shipbuilding Crisis are important and must form part of a longer-term strategy of modernisation and rationalisation following upon public ownership.
Do we not also have good, well equipped shipyards in this country, and should not we do everything possible, in terms of the financial structure and the time scale, to ensure that it survives the Crisis in World Shipbuilding?