Private Transport Operator (Borrowing Facilities)

HC Deb 18 March 1969 vol 780 c58W

63. Mr. Dance

asked the Chancellor of the Exchequer if he will request the banks to give the priority in borrowing facilities to private transport operators, in view of the credit granted to National Carriers Limited.

Mr. Harold Lever

No. This credit was approved within the investment programme of the National Freight Corporation, of which National Carriers Ltd. is a subsidiary. Their investment is not controlled through restrictions on the availability of finance, but directly by my right hon. Friend the Minister of Transport.