HC Deb 16 July 1971 vol 821 cc183-4W
Mr. Harold Walker

asked the Secretary of State for the Environment what Government loans have been sought by British Rail to finance its investment needs for the current year, and for the next five years, respectively, and what has been the response of the Government.

Mr. Peyton

British Rail has so far this year sought and been granted new loans from the National Loans Fund totalling £22 million. No specific sums have been sought for future years.

Mr. Harold Walker

asked the Secretary of State for the Environment if he will make a statement about his policy regarding the investment needs of British Rail.

Mr. Peyton

I would refer the hon. Member to the answer I gave to my hon. Friend the Member for Chippenham (Mr. Awdry) on 10th March.—[Vol. 813, c. 115.]