§ 39. Mr. Speedasked the Minister of Power if he will give an undertaking that none of the British Steel Corporation's commencing capital debt will be in the form of Exchequer Dividend Capital.
§ Mr. GunterNo, but legislation would be required if any part of the debt were to take the form of equity capital.
§ 40. Mr. Speedasked the Minister of Power if he will direct the British Steel Corporation to appoint independent auditors to value the assets of the Corporation, in order to determine its commencing capital debt.
§ Mr. GunterNo. The amount is prescribed by Section 18(i) of the Iron and Steel Act, 1967.