§ Mr. Wheatley
asked the Secretary of State for Scotland what additional financial burdens will be incurred by the North of Scotland Hydro-Electric Board during the current financial year as a result of the increase in the rate of interest charges; and what further burdens of this nature are estimated for the two following years.
§ Mr. Stuart
The rate of interest on the Board's last stock issue on 8th May, 1952, of £20 million is 4¼ per cent. Had the issue been made, like the previous one, at 3½ per cent. the annual interest charge would have been £150,000 less.