§ 76. Mr. N. Macphersonasked the Financial Secretary to the Treasury what temporary borrowings and issues of stock proposed to be made by the North of Scotland Hydro-Electric Board have been guaranteed by the Treasury for the year ending 31st March, 1952; and for what specific purpose or purposes the Board applied under Statutory Rule and Order 1156/S49 of 1946 for borrowing consent in respect of each of these loans.
§ Mr. Boyd-CarpenterA statement of guarantees given by the Treasury during the year ended 31st March, 1952, was presented to Parliament on 4th April. These guarantees were given in respect of moneys borrowed with the consent of the Secretary of State for Scotland for the purposes set out in Section 12 (2) of the Hydro-Electric Development (Scotland) Act, 1943.
The last part of the Question is a matter for my right hon. Friend the Secretary of State for Scotland.
§ Mr. N. Macphersonasked the Financial Secretary to the Treasury whether he will specify the purpose for which, under Statutory Rule and Order, 1946, No. 1156/S49, permission was given to the North of Scotland Hydro-Electric Board to borrow under Treasury guarantee each of the sums referred to in House of Commons Paper No. 121, 1948, No. 148, 1949, No. 49, 1950 and No. 155, 1951.
§ Mr. Boyd-CarpenterThe Treasury guarantees were given in respect of moneys borrowed with the consent of the Secretary of State for Scotland for the purposes set out in Section 12 (2) of the Hydro-Electric Development (Scotland) Act, 1943.