§ Mr. Goldingasked the Chancellor of the Exchequer what money has been borrowed from abroad by local authorities since June, 1970; and at what rates of interest.
§ Mr. NottThe only local authority that has borrowed abroad since June, 1970, is the Greater London Council, which, on 28th April, 1971, borrowed £10 million in Swiss Francs (104 million) for 5 years at 7⅞ per cent.