§ 25. Mr. Grimondasked the Chancellor of the Exchequer on what terms, particularly as regards interest and repayment, loans for capital purposes will, under his new policy, be lent to the nationalised industries.
§ Sir E. BoyleThe rates of interest on the advances will correspond broadly to those appropriate to Government credit for a comparable period of years. Precise details of the arrangements, including the appropriate terms for repayment, are at present under discussion with the authorities concerned.
§ Mr. GrimondCan the hon. Gentleman say whether these loans are to be longterm loans and whether the Atomic Energy Authority is now to be charged interest on advances made to it?
§ Sir E. BoyleI would ask the hon. Gentleman, if he kindly would, to wait until we reach Clause 34 of the Finance 2195 Bill, when, I promise, a Treasury Minister will make a full statement on all these matters.