HC Deb 24 January 1967 vol 739 cc219-20W
32. Mr. Stratton Mills

asked the Chancellor of the Exchequer if he will seek to require the nationalised industries to raise part of their fixed interest capital in the market.

Mr. Callaghan

Since 1956 the nationalised industries have taken all their new capital in the form of loans from the Exchequer. The Radcliffe Committee considered the matter and recommended in its report of August, 1959 that the industries should continue to look to the Treasury to cover all their permanent requirements.