HC Deb 12 November 1970 vol 806 c220W
34. Mr. Robert Taylor

asked the Secretary of State for Employment why he gave permission to the Construction Industry Training Board to raise its borrowing limit to £16 million.

Mr. R. Carr

After discussing the board's position with the new chairman, I sought and received a number of important assurances regarding the board's future method of operation. In the light of those assurances, and on the basis of the board's advice at that time that it would be able to borrow in the market, I came to the conclusion that an increase in the borrowing limit was the best way to overcome the crisis in the board's affairs.