§ Mr. Charles Irvingasked the Lord President of the Council how much interest has been paid on the Refreshment Department's overdraft; and at what rates for each of the years ending 1960 to 1977 inclusive.
§ Mr. FootThe cost of interest on the overdraft was:
£ 1967 2,415 1968 75 1969 11 1970–71 377 1971–72 1,731 1972–73 1,854 1973–74 9,113 1974–75 23,369 1975–76 44,191 1976–77 92,437 1977–78 102,860 The Catering Sub-Committee does not think it appropriate for the rates of interest to be disclosed.
NOTE. The accounts for 1970–71 cover fifteen months when the Refreshment Department went over to the national financial year—previously they were for calendar year.