#ferrries - The Manx Parliament is to receive proposals ahead of the summer recess.

The future finances of the Isle of Man Steam Packet Company reports Manx Radio are expected to be considered by the parliament (Tynwald) ahead of the summer recess.

Treasury Minister Alfred Cannan confirmed at this week's sitting of the House of Keys that the structure of the sea services operator's finances is currently undergoing a review.

Following a question from Ramsey MHK Lawrie Hooper, Mr Cannan revealed the proposals should be on the July order paper once the review has been completed.

The Manx Government purchased the company last year and recently approved the Heads of Terms on a new sea services agreement.

See previous story on a political party's call for public to buy shares in the nationalised island ferry operator.