HC Deb 26 May 1952 vol 501 c121W
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.