London Country Bus Services

HC Deb 05 March 1982 vol 19 cc261-2W

Mr. Murphy

asked the Secretary of State for Transport if he will take steps to exempt London Country Bus Services Ltd. from servicing the debt incurred by it immediately after the coming into force of the Transport (London) Act 1969.

Mr. David Howell

No. The assets acquired by London Country Bus Services Ltd. under the Transport (London) Act 1969 were transferred at nil value. The Government see no reason why subsequent borrowings should be treated differently from comparable ones taken out by other NBC subsidiaries.