§ Mr. Leadbitterasked the Secretary of State for the Environment whether loans to harbour authorities under the Harbours (Loans) Act 1972 may henceforth bear interest at the National Loans Fund rate.
§ Dr. GilbertLoans made under the Harbours (Loans) Act have been made at premium rates in accordance with the former Administration's policy set out in Cmnd. 4794. These terms are not appropriate in present circumstances nor in accordance with our policy on ports reorganisation. Loans made under the Act will from now on bear interest at the rates appropriate to issues from the National Loans Fund without premium. Outstanding loans made under the Act will not be subject to further increases in rates.