HC Deb 28 July 1976 vol 916 c305W
Mr. Hugh Fraser

asked the Chancellor of the Exchequer if he will give the total borrowings of local authorities and naionalised industries on the Eurocurrency markets for the current calendar year and for 1975 and 1974.

Mr. Robert Sheldon

Total foreign currency borrowing by nationalised industries and local authorities from market souces for the period indicated was as follows:

$ million
1974 1,345
1975 Nil
1976 (to end-June) 270

Mr. Hugh Fraser

asked the Chancellor of the Exchequer what Treasury instructions have been given to the Bank of England to dissuade those agents or banks arranging Eurocurrency loans for local authorities or nationalised industries from giving such entry arrangements normal detailed publicity for instance, by way of "tombstones" in the financial Press.

Mr. Robert Sheldon

None.