National Enterprise Board

HC Deb 15 December 1978 vol 960 c588W

14. Mr. Thorne

asked the Secretary of State for Industry whether he is satisfied with the work being done by the National Enterprise Board.

Mr. Kaufman:

Yes.

Mr. Grylls

asked the Secretary of State for Industry if he will state the total borrowing of the National Enterprise Board, including all the borrowings of subsidiaries of the Board and including borrowings of the subsidiaries prior to their acquisition by the National Enterprise Board as at 31st December 1978.

Mr. Les Huckfield:

At 31st December 1978 the charges against the Board's financial limit were £660 million. The borrowings of the Board's non-wholly-owned subsidiaries are published in the accounts of these companies. The borrowings of the Board's wholly-owned subsidiaries prior to their acquisition by the Board are not published; they are a matter for the companies and the Board.