HC Deb 10 May 1968 vol 764 c164W
Mr. Astor

asked the Secretary of State for Economic Affairs what is the value of loans which have been made or committed by the Industrial Reorganisation Corporation to the mill industry to assist in the installation of de-inking plants; and what savings on imports are anticipated from this investment.

Mr. Frederick Lee

The Industrial Reorganisation Corporation is providing a loan of £1.5 million to the Reed Paper Group, in accordance with Section 2(1)(b) of the I.R.C. Act, to help finance two plants to de-ink and reconstitute waste paper. It is anticipated that these plants will yield a total import saving of the order of £1.5 million annually, when working at full capacity.

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