HC Deb 01 February 1978 vol 943 cc214-29W
Mr. Wm. Ross

asked the Chancellor of the Exchequer if he will list the total payments by the United Kingdom to EEC funds since 1st January 1973 to 31st December 1977 showing the body to which the payments were made and including payments to the European Investment Bank and the European Coal and Steel Community and also showing the amounts the United Kingdom has received from these bodies in the same period in loans and in grants, showing the repayment periods of loans and the rate of their interest payable and the total repayable in repayments and in interest charges over the period, all sums to be shown in £ sterling.

Mr. Joel Barnett,

pursuant to his reply [Official Report, 16th January 1978; Vol. 942, c. 30], gave the following information:

Total payments to the European Communities by the United Kingdom have been as follows:

£ million
Payments to the Community budget (1.1.73 to 31.12.77) 1,902.9
EIB capital contributions (1.1.73 to 31.12.77) 68.6
ECSC capital contributions (1.1.73 to 31.12.77) 39.6
ECSC production levy (1.1.73 to 30.9.77) 41.3

Note: ECSC production levies are paid direct by coal and steel producers.

The total receipts from the Community budget for the period 1.1.73 to 30.9.77 have been as follows:

£ million
European Agricultural Guidance and Guarantee Fund (EAGGF)—
Guarantee Section 819.1
EAGGF—Guidance Section 33.9
Social Fund 73.1
Regional Development Fund 64.8
Other 178.9
Total 1,169.8

Between 1st January 1973 and 31st December 1977 the United Kingdom received loans from the European Investment Bank totalling£879 million. Details are as follows:

EUROPEAN INVESTMENT BANK LOANS
Year Borrower Amount (£ million) Repayment period (years) Interest rate (per cent.) Project
1973 Industrial and Commercial Finance Corporation 2.5 14 7¾ For on-lending to small and medium-sized firms in the development areas.
1.0 9 7⅜
British Steel Corporation 14.7 17½ 8½ Expansion of burden-preparation facilities at the Teesside iron and steelworks.
British Steel Corporation 14.7 18 8½ Llanwern iron and steelworks.
32.9
1974 North of Scotland Hydro-Electric Board 10.4 20 9½ Peterhead Power Station, Aberdeenshire.
Elf Oil (UK) 10.4 10 9⅞ Development of the Frigg gas field in the North Sea.
Total Oil (UK)
Aquitaine Oil (UK)
Kent and Essex County Councils 7.0 10 10½ Second Dartford Tunnel.
British Steel Corporation 8.0 12 10½ New Sinter plant at Port Talbot Steel Works.
British Steel Corporation 12.0 12 10½ Construction of bar mill at Thryburg Steelworks near Rotherham.
Industrial and Commercial Finance Corporation 10.0* 10 1½ For on-lending to small and medium-sized firms in the development areas.
Lewis Offshore Ltd 4.0 8 10½ Development of a construction yard at Arnish Point in the Hebrides for the assembly of equipment for offshore oil exploration and production.
Electricity Council 15.6 12 10½m Nuclear Power Station at Hartlepool.
Short Bros. & Harland Ltd.,Belfast 2.5 5 10½ Development of low-cost commuter aircraft at the company's factory in Belfast.
79.9

Year Borrower Amount (£ million) Repayment period (years) Interest rate (per cent.) Project
1975 South of Scotland Electricity Board 15.6 12 9⅞ Hunterston B Nuclear Power Station.
Electricity Council 7.8 12 9⅞ Nuclear Power Station, Hartlepool.
Distillers Company 12.0 10 9½ Whisky blending and bottling factory at Shieldhall, near Glasgow.
South of Scotland Electricity Board 7.8 12 9½ Hunterston B Nuclear Power Station.
National Coal Board 7.2 10 9½ Extension and modernisation of five coal mines in Yorkshire and South Wales.
British Gas Corporation 24.2 10 9¼ New pipeline system to bring natural gas from the Frigg Field to Scotland and connect up with the national distribution grid
British Gas Corporation 23.6 10 9¼ Second phase of extension to the natural gas transmission system to permit deliveries of gas from the Frigg Field.
Tate & Lyle 1.6 10 9½ Glucose factory at Goole, Yorkshire.
Post Office 17.5 10 9½ Modernisation of telecommunications in Wales and the Borders.
National Water Council 7.5 12 9½ Kielder water scheme, North East England.
British Steel Corporation 17.5 10 9½ Installation of new coating lines at Shotton, North Wales.
South of Scotland Electricity Board 10.0 8 9½ Power lines to connect Inverkid power station with the main transmission system.
North of Scotland Hydro-Electric Boardity 10.0 8 9½ Power lines to connect Peterhean North power station with the main transmission system, and to reinforce supply system to Aberdeen.
British Railways Board 6.3 8 9½ Construction of "merry-go-round" coal wagons.
Shetland Island Council 16.9 10 9½ Oil tanker harbour at Sullom Voe in the Shetlands.
Olivetti International 1.0 5 9½ Conversion and expansion of the British Olivetti typewriter factory in Glasgow.
186.5

Year Borrower Amount (£ million) Repayment period (years) Interest rate (per cent.) Project
1976 British Gas Corporation 20.0 10 9½ Gas pipelines network.
Post Office 17.3 10 9½ Telecommunications network in Scotland.
National Water Council 9.0 10 9½ Water supply schemes in North-West England.
National Water Council 4.0 12 9½ Kielder water scheme in Northumbria.
British Gas Corporation 17.3 8 9 Southern Feeder gas pipeline.
British Railways Board 11.6 8 9 Construction of three prototype Advanced Passenger Trains
British Gas Corporation 8.6 8 9 Gas pipeline to South-West England.
Post Office 17.6 10 9½ Telephone installations in North-Eastern telecommunications regions.
British Railways Board 5.5 10 9½ To modernise shipping service between Holyhead and Dun-Laoghaire.
Electricity Council 26.0 12 9½ Dinorwic hydro-electric scheme.
North Sea Inc 16.8 8 9 Development of Beryl oil field in the North Sea
British Steel Corporation 6.75 8 9 Expansion of Consett works, Co. Durham.
British Steel Corporation 3.5 8 9 Expansion of Dalzell steelworks, Motherwell.
British Railways Board 5.0 10 9 Enlargement of two hovercraft.
British Steel Corporation 14.7 10 9 (i) £12.6 m. for coal handling and blending system ai Port Talbo[...]
(ii)£2.1m for improvements at Distington Works Workington.
National Water Council 10.0 12 8⅞ (i) £6 m. for the Kielder Water Scheme, Northumbria.
(ii) £4 m. for water supply and sewerage projects in Cornwall.
Santa Fe Minerals (UK) Inc 17.9 7 8⅜ Development of Thistle oil field in the North Sea.
British Petroleum 30.4 8 8½ (i) £19.7 m. for acetic acid plant at Hull.
(ii) £10.7 m. for pipeline from Ninian oil field to Sullom Voe.
British Steel Corporation 17.0 10 8⅞ To increase casing pipe finishing capacity at two works near Glasgow and at Hartlepool.
258.95

Year Borrower Amount (£ million) Repayment period (years) Interest rate (per cent.) Project
1977 Post Office 18.5 10 8⅞ Extension and modernisation of telephone system in Northern Ireland.
National Water Council 8.3 9 8⅞ Increase of water supplies in Cheshire, Merseyside, Greater Manchester, Lancashire and Cumbria.
British Steel Corporation 14.0 12 8⅞ Ravenscraig works, Motherwell.
National Water Council 7.5 15 9⅛ Water supply project and sewerage scheme in Teesside region.
National Water Council 6.2 12 8⅞ Water supply projects and sewerage schemes in Gwent, Mid and South Glamorgan.
National Water Council 2.5 11½ 8½ Water supply and sewerage scheme in Cornwall.
National Water Council 7.5 15 8.95 Water supply project and sewerage scheme in Teesside region.
National Water Council 14.6 15 8.95 Water supply project in Yorkshire.
North of Scotland Hydro-Electricity Board 4.1 15 8.95 Reinforcement of electricity transmission system to the Isle to Skye. Introduction of first mains electricity supply to three Shetland Islands.
British Steel Corporation Chemicals 6.9 12 8½ Construction of Benzole refinery at Port Clarance on Teesside.
British Steel Corporation 7.7 12 8⅞ Modernisation of iron foundries at Distington works, Workington and Fullwood, near Motherwell.
British Steel Corporation 3.8 12 8⅞ Modernisation of steel foundry at Craigneute, near Motherwell.
British Steel Corporation 52.7 12 8¾ Expansion of steelworks at Motherwell.
Lothian Water 25.0 15 9 To increase water supplies to Edinburgh and Midlothian and to reduce pollution in the Firth of Forth by major improvements to Edinburgh sewerage system.
National Water Council 6.2 11½ 8¾ Water supply projects and sewerage schemes in Gwent, Mid and South Glamorgan.
National Water Council 19.8 15 9 Works designed to increase water supplies in the North-West of England.
South of Scotland Electricity Board 4.3 12 8¾ Erection of transmission lines in Scotland.
United Kingdom Government Agency 20.0 7 7½ Finance for small and medium-sized industrial ventures in the assisted areas.
British Railways Board 7.2 12 8.45 High speed rail depots on East Coast.
British Steel Corporation 8.0 12 8.6 Third iron ore reloader at Redcar, South Teesside.
British Steel Corporation 3.9 12 8.6 Modernisation of Templeton Brickworks, Co. Durham.
Central Electricity Generating Board 52.3 15 8.65 Construction of power station at Heysham, Lancashire.
National Water Council 19.8 15 8.6 Improvement of water supplies by construction at Kielder dam and distribution system to the Wear and Tees.
320.7
*Lapsed in November 1975 after only £600,000 had been drawn.

The amounts of grants from the European Coal and Steel Community received by the United Kingdom between 1st January 1973 and 31st December 1977 is as follows:
£ million
British Steel Corporation. 2.2
National Coal Board 21.9
Details of loans made by the ECSC are as follows:—
BRITISH STEEL CORPORATION
Date of Consent Date of Drawdown Loan Principal million Sterling Equivalent £ million Rate of Interest Period Years Months
9th August 1974 30th August 1974 US $20.95 9.0 6½ per cent. p.a. on US $6.48m. for first 5 years, 9¼ per cent. p.a. thereafter 7 9
9¼ per cent. p.a. on balance starting 30th May 1975
9th August 1974 30th August 1974 US $23.05 10.0 6¼ per cent. p.a. on US $6.96m. for first 5 years, 9¼ per cent. p.a. thereafter 9 9
9¼ per cent. p.a. on balance starting 7th June 1975
20th December 1974 16th January 1975 US $5.40 23.0 10 per cent. p.a. payable half-yearly in arrears, i.e. 15th May and 15th October 9 10
9th May 1975 15th May 1975 US $16.53 7.2 6 per cent. p.a. on US $.83m. for first 5 years, 9 per cent. p.a. thereafter. 9 6
9 per cent p a. on balance
9th May 1975 15th May 1975 US $9.45 4.1 6¼ per cent. p.a. on US $.33m. for first 5 years, 9 per cent. p.a. thereafter 9 6
9¼ per cent p a. on balance
16th June 1975 20th June 1975 US $3.0 1.3 6 per cent. p.a. for first 5 years, 9 per cent. p.a. thereafter. 7 8
16th June 1975 20th June 1975 US $7.0 3.1 9 per cent. p.a. 7 8
20th October 1975 26th October 1975 US $22.99 11.2 9.7 per cent. p.a. 6 11
US $12.43 6.1
1st December 1975 5th December 1975 Sw Fr 22.44 4.4 8.5 per cent. p.a. 8 0
1st December 1975 5th December 1975 Sw.Fr. 1.42 5.5 per cent. p.a. for first 5 years, 8.5 per cent, thereafter. 8 0
9th January 1976 15th January 1976 Sw. Fr. 26.5 5.0 8.5 per cent. p.a. 7 0
13th February 1976 17th February 1976 US $50.80 40.0 9.4 per cent. p.a. 4 10
27th February 1976 1st March 1976 US $28.08 30.0 9.6 per cent. p.a. 9 10
US $60.51 30.0
12th March 1976 16th March 1976 US $31.88 16.0
Guilders 30 5.8 8.4 per cent. p.a. 6 11
23rd March 1976 25th March 1976 Can $50 26.4 9.5 per cent pa. 7 0
8th April 1976 14th April 1976 Guilders 6.93 1.4 6 per cent. p.a. for first 5 years, 9 per cent, thereafter. 19 11
8th April 1976 20th April 1976 Guilders 30 6.0 8.4 per cent. p.a. 6 10
20th May 1976 26th May 1976 US $53.75 30.15 6 per cent. pa. on US $2.79 m. for first 5 years, 9 per cent. p.a. thereafter 8 0
9 percent. p.a. on balance

Period
Date of Consent Date of Drawdown Loan Principal million Sterling Equivalent £ million Rate of Interest Years Months
20th May 1976 26th May 1976 US $53.65 30.15 9.5 per cent. p.a. 20 0
8th December 1976 15th December 1976 Sw. Fr. 66 16.4 6.35 per cent. pa. 15 0
18th January 1977 — US $8.78 5.0 9.3 per cent. p.a. (Each halt year of first 5 years, interest rebate of 47,600 units of account) 19 10
18th January 1977 — US$63 36.2 865 per cent. p.a. 7 9
18th January 1977 — DM 15.8 3.8 8.25 per cent, p.a 9 8
25th February 1977 — US $10.2 29.1 8.1 per cent, p.a 5 0
US $39.8
5th April 1977 15th April 1977 Can $25 13.8 9.65 per cent. p.a. 7 0
5th May 1977 May 1977 US$10 5.8 9.55 per cent. p.a. 20 0
12th July 1977 22nd July 1977 US $20 11.6 9.3 percent pa. 18 0
7th October 1977 October 1977 US $7.8 4.4 8.875 per cent. p.a. 12 0
8th December 1977 12th December 1977 Sw. Fr. 19.85 9.6 7.35 per cent. p.a. 8 0
£4.5
May/June 1977 — — 1.1 1 per cent. p.a. (loan for workers'housing). approx 21
407.1

NATIONAL COAL BOARD
Date of Drawing Loan Principal Million Sterling Equivalent £ million Details
28th June 1974 US 5.625 2.4 8.25 per cent.15 years. Combination of Horden and Blackhall collieries and provision of new coa[...] preparation plant.
31st July 1974 US $10 4.2 8.25 per cent. 5 years. Purchase of powered roof supports.
31st July 1974 US$15 6.3 9.25 per cent.8 years. Purchase of powered roof supports.
6th September 1974 DM25 4.1 9.25 per cent. 7 years. Littleton, Trentham, Royston, Bettws, Easington collieries development project
15th November 1974 £1.0 (out of total of £1.7*) 1.0 1 per cent. 25 years. Improvements of coal industry workers' homes (first instalment).
18th February 1975 US $2.865 1.2 10 per cent.10 years. Combination of Horden and Blackhall collieries.
18th February 1975 US $11.025 4.6 10 per cent. 10 years. Development at Littleton, Trentham, Royston, Bettws aud Easington collieries
18th February 1975 US $7.875 3.3 10 per cent. 10 years. Combination of Markham and Ireland collieries.
18th February 1975 US $18.435 7.7 10 per cent. 10 years. Purchase of powered roof supports.
M 30th April 1975 US $23.5 10.0 9 per cent. 8 years. Purchase of powered roof supports.
30th April 1975 US $12.030 5.1 9 per cent. 9 years. Development at Littleton, Trentham, Royston, Bettws and Easington collieries

Date of Drawing Loan Principal Million Sterling Equivalent £ million Details
15th May 1975 US $46.5 20.2 9 per cent. 8 years. Development at Thoresby, Haig, South Leicester, Ollerton, Taff Merthyr/Merthyr Vale, Thurcroft, Betteshanger, Dinnington, Blaenant and Lynemouth/Ellington collieries.
16th June 1975 £0.7† 0.7 1 per cent. 25 years. Improvement of coal industry workers' homes (second instalment).
15th October 1975. Sw. Fr. 25 4.6 8 5 per cent. 8 years. The purchase of moveable underground plant and equipment, excluding powered roof supports.
26th November 1975 US$18.15 8.9 9 7 per cent. 7 years. The purchase of moveable underground plant and equipment, excluding powered roof supports.
27th November 1975 Sw. Fr. 26 14 4.8 8 5 per cent. 8 years. Development at Thoresby, Haig, South Leicester, Ollerton, Taff Merthyr/Merthyr Vale, Thurcroft, Betteshanger, Dinnington, Blaenant and Lynemouth/Ellington collieries.
15th January 1976 Sw. Fr. 23.5 4.4 8 5 per cent. 7 years. The purchase of moveable underground plant and equipment, excluding powered roof supports.
17th February 1976. US $46.12 22.8 9 4 per cent. 5 years. The purchase of moveable underground plant and equipment, excluding powered roof supports; coal preparation facilities; rapid loading facilities.
26th May 1976 US $9.15 5.1 9 per cent. 8 years. The establishment of a new drift mine on the site of the existing Prince of Wales Colliery on the North Yorkshire coalfield.
8th November 1976. DM 65 16.7 8 25 per cent.10 years.Improvements at Whitwell, Bolsover, Warsop, Linley, Newstead, Cresswell, Grimethorpe, Bsntley, Westoe, Oakdale, Cwm/Coedeley, Abertillery, Blaenserchan and Snowdon collieries and Butterwell opencast site.
8th November 1976 DM 20 5.1 8 25 per cent. 10 years. Improvements at Ackton Hall, Brodsworth, Bentinck, Bevercotes, Silverhill, Silverdale and Bold collieries.
24th December 1976 US$60 35.7 8 65 per cent. 8 years. The purchase of powered roof supports and improvements at Ackton Hall, Brodsworth, Bentinck, Bevercotes, Silverhill, Silverdale, Bold, Whitwell, Bolsover, Warsop, Linby, Newstead, Cresswell, Grimethorpe, Bentley, Westoe. Oakdale, Cwm/Coedeley. Abertillery, Blaenserchan, Snowdon and Butterwell opencast site.
3rd June 1977 US $29.955 17.4 8 4 per cent. 7 years. The purchase of underground plant and equipment, excluding powered root supports.
16th September 1977 US$42 24.1 9 25 per cent. 15 years. The establishment of a new drift mine at Prince of Wales colliery, the purchase of powered roof supports, the construction of a new training centre and the expansion of existing coal reparation laboratories at MRDE, Staffs.
14th October 1977 US $34.3 19.5 8 75 per cent.12 years. Improvements at Shirebrook, Silverwood, Treforgan, Allerton Bywater, Rawdon and Domsthorpe, South Kirkby, Ollerton and Trenton collieries, Kingswood opencast site and Maryport Disposal Point.
239.9
*See 16th June 1975.
† See 15th November 1974