HC Deb 22 February 1968 vol 759 c159W
15. Mr. Stratton Mills

asked the Secretary of State for Economic Affairs why he approved the loan of £25 million by the Industrial Reorganisation Corporation to enable the British Motor Corporation and Leyland Motors to merge; and if he will state the terms of the loan.

Mr. Dell

My right hon. Friend is not required to approve loans given by the Corporation. In this case the terms of the loan are still being negotiated.