HC Deb 09 April 1970 vol 799 cc128-9W
Mr. Alison

asked the Chancellor of the Exchequer which public corporations 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 Equal tranches over 6–15 years 1.1
Electricity Council August, 1969 21 " " Nil
South of Scotland Electricity Board August, 1969 6 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 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 At maturity—6 years Nil
* Amount outstanding gross 30th September, 1969.

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