§ Mr. Alison
asked the Chancellor of the Exchequer which public corporations 129W and local authorities have engaged in foreign currency borrowing; what has been the date, amount and terms in each case; what interest was paid in 1969 and paid or due to be paid in each year from 1970 to 1975, inclusive; and whether such interest payments are treated as part of the public sector's net expenditure on resources as defined in Table 1.2 of Command Paper No. 4234.
§ Mr. Taverne
The table below gives the figures.
Borrower Date of Borrowing Amount Borrowed Interest Rate Repayment Terms Interest paid 1969 £m. Per cent. £m. Gas Council April, 1969 31 6¾ Equal tranches over 6–15 years 1.1 Electricity Council August, 1969 21 7½ " " Nil South of Scotland Electricity Board August, 1969 6 8¼ At maturity—3 years 11 months 0.1 North of Scotland Hydro-Electric Board December, 1969 3 8 Unequal tranches over 15 years Nil B.E.A March, 1969 7 6½ At maturity—5 years with option to extend to 7 years Nil B.O.A.C. Various 48* Various Various by instalments up to 1994 1.5 Derbyshire County Council August, 1969 5 8¼ At maturity—6 years Nil * Amount outstanding gross 30th September, 1969.