§ Mr. Grylls
asked the Secretary of State for Industry how much cash has been drawn by the British Steel Corporation (a) from the national loans fund and (b) by way of public dividend capital to date in the financial year 1980–81.
§ Mr. Michael Marshall
None. Since April 1978 all the BSC's long-term financial requirements have been met by capital subscribed under section 18(1) of the Iron and Steel Act 1975. The corporation has been provided with £892 million new capital to date in the 1980–81 financial year, of which £25 million was required to repay existing loans from the national loans fund and £93 million to repay foreign borrowing.