HC Deb 14 November 1973 vol 864 c154W
65. Mr. Fernyhough

asked the Secretary of State for the Environment if he will seek powers to compensate local authorities which have been granted loan sanction to borrow money from trade unions whose funds have been sequestrated as the result of a court order in a case to which the local authority is not a party.

Mr. Graham Page

No. The purpose of my powers to consent to borrowing by local authorities is to control their capital expenditure. Questions relating, to the raising and repayment of loans by local authorities to which I have given consent to borrow are entirely for the local authority and I think that they should remain so.