§ 27. Lieut.-Colonel MOORE
asked the Financial Secretary to the Treasury 1992 whether his attention has been called to the fact that the corporation of Glasgow is proceeding to replace their £2,500,000 loan by the issue of mortgages; and what is the policy of his Department with regard to this scheme?
§ The FINANCIAL SECRETARY to the TREASURY (Mr. Duff Cooper)
I would refer my hon. and gallant Friend to the answer which was given to him by the Secretary of State for Scotland on 2nd July. With regard to the second part of the question, the scheme referred to lies outside the scope of the Chancellor of the Exchequer's public requests with regard to new capital issues.