§ Mr. Grylls
asked the Secretary of State for Industry what is the aggregate amount outstanding in respect of section 8(1)(a)-(d) against the financial limit laid down in section 8(2) of the Industry Act 1975, as amended by NEB Financial Limits Order 1978 approved by the House on 10th April 1978.
§ Mr. Les Huckfield:
At 6th November 1978, the last date on which the NEB prepared a certificate for the purpose of borrowing from the Secretary of State, 694W the aggregate amount outstanding in respect of the charges specified in section 8(i) (a) to (d) of the Industry Act 1975, excluding the borrowings of the NEBs wholly owned subsidiaries whilst in its ownership, was £603069 million. These borrowings amounted to £52.023 million at 7th October 1978—the latest date for which figures are available.