HC Deb 31 March 1965 vol 709 c257W
Mr. Stratton Mills

asked the Minister of Power if he will itemise the public money invested in the steel industry during the last 10 years; and if he will indicate the terms and duration of each loan

Mr. Frederick Lee

Details of the Iron and Steel Holding and Realisation Agency's loans to, and investments in, its former subsidiaries and Richard Thomas and Baldwins during the last ten years are given in its annual Reports and Accounts. The hon. Member may also wish to refer to the reply given by the then Economic Secretary to my hon. Friend the Parliamentary Secretary on 25th February, 1964. Details of the Government's loans of £50 million to Colvilles Ltd. and of £70 million (originally £60 million) to Richard Thomas and Baldwins under Section 5 of the Iron and Steel Act, 1953, were given in answer to Questions by the hon. and gallant Member for South Fylde (Colonel Lancaster) on 21st January, 1959, and the hon. Member for Heeley (Sir P. Roberts) on 13th March, 1959.