§ Mr. Dykesasked the Chancellor of the Exchequer whether the Government propose to make any changes in the arrangements for borrowing by the nationalised industries.
§ Mr. Patrick Jenkin:Yes. Following the changes in credit control policy introduced last year, nationalised industries will be allowed greater flexibility in arranging short-term finance. Longer-term finance will continue to be provided by the National Loans Fund; but certain restrictions on the terms on which this finance is available will cease to apply. The changes are summarised in a memorandum setting out policy as it now stands. This memorandum has been sent to the industries, and copies have been placed in the Library of the House.