§ Mr. Hal Millerasked the Secretary of State for Industry whether he entered into any understanding or agreement, or gave any undertaking short of a legal guarantee, in connection with the recent private borrowing of £50 million by British Leyland.
§ Mr. Les HuckfieldAs I told the hon. Member for Rushcliffe (Mr. Clarke) on 20th January, the detailed arrangements governing this borrowing are commercially confidential; howeved, my Department has notified the Public Accounts Committee of the procedures governing such borrowings. See Appendix III to the Eighth Report from the Committee for the 1976–77 Session.