HC Deb 30 November 1970 vol 807 c277W
Mr. Douglas

asked the Secretary of State for Trade and Industry what is the rate of interest on Industrial Reorganisation Corporation loans to Rolls-Royce Limited.

Mr. John Davies

About 7½ per cent. over the period of the loan.

Mr. Sheldon

asked the Secretary of State for Trade and Industry if he will make a statement on the Bank of England loan to Rolls-Royce.

Mr. John Davies

I would refer the hon. Member to the reply given today to the right hon. Member for Devon, North (Mr. Thorpe).