HC Deb 20 December 1979 vol 976 cc328-9W
Mr. Rost

asked the Secretary of State for Industry what arrangements have been made to support private sector borrowings by Rolls-Royce Limited.

Mr. Michael Marshall

Rolls-Royce has been authorised to negotiate with a number of banks for borrowings of up to £200 million. The Government will make it clear to the lenders that consistent with the statement made to the House by the hon. Member for Woking (Mr. Onslow) on 22 February 1973, and reaffirmed by the hon. Member for Nuneaton (Mr. Huckfield) on 21 January 1977, the Government will ensure that the debts of Rolls-Royce, including debts under the loan, will be met in full.