HC Deb 03 May 1973 vol 855 c347W
Mr. Joel Barnett

asked the Chancellor of the Exchequer if he will make a statement on his policy on loans from abroad obtained by nationalised industries.

Mr. Higgins

Exchange cover facilities for foreign currency borrowing by certain nationalised industries are now available in accordance with the statement made in my right hon. Friend's Budget speech. These facilities are additional to the continued access of nationalised industries to borrowing abroad on normal exchange control terms.