§ Dr. Gilbertasked the Chancellor of the Exchequer if he will list the foreign borrowings of the nationalised industries, local authorities and other public bodies since 1st January 1972, the rates of interest applying to each borrowing and the amounts outstanding on those borrowings as of 5th November 1973.
§ Mr. NottDuring the period 1st January 1972 to 31st October 1973 the following foreign currency loans have been completed by nationalised industries and local authorities for domestic purposes:
Borrowing in US Dollars Millions Birmingham 50 Bristol 15 Coventry 25 Dundee 25 Edinburgh 25 Glasgow 75 Greater London Council 35 Lancashire 30 Liverpool 40 Corporation of London 35 Manchester 50 Nottingham 25 Teesside 25 British Gas Corporation 50 Electricity Council 1000 South of Scotland Electricity Board 50 North of Scotland Hydro Electricity Board 25 National Coal Board 50 Post Office 500 140W Rates of interest varied in accordance with the life of the loan and the terms of the prospectus or loan agreement. If the hon. Member requires details of any particular agreement, I shall endeavour to assist him. No repayments have yet been made on any of these borrowings.
Borrowing in other Currencies Millions Greater London Council SFr 200 Electricity Council SFr 325 South of Scotland Electricity Board DM 100