HC Deb 28 November 1967 vol 755 c58W
80. Sir C. Osborne

asked the Minister of Power what is the average rate of interest he is paying on the £600 million loan in the steel industry, in addition to the £600 million 6½per cent. compensation stock issued on nationalisation; and, in view of the official forecast that the nationalised steel industry will make a loss of £30 million in 1967, from what funds the interest is to be paid.

Mr. Marsh

I have not yet determined the rate of interest to be paid on the British Steel Corporation's commencing capital debt, which will form the larger part of its liabilities.

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