§ Mr. Skeetasked the Secretary of State for Energy if he will publish a table in the Official Report showing the separate
LOANS AND GRANTS FROM ECSC UNDER THE TREATY OF PARIS Type of Aid Amount Received Terms Notes Article 54 Investment loans … $5.625 m. 15 year loan at 8¼ per cent. Horden & Blackhall Colliery Merger. (£2.36 m.) $10.00 m. 5 year loan at 8¼ per cent. Purchase of pool of powered roof supports. (£4.20 m.) $15.00 m. 8 year loan at 9¼ per cent. Purchase of pool of powered roof supports). (£6.20 m.) DM25.00 m. 7 year loan at 9¼ per cent. Modernisation at 5 mines. (£4.07 m.) (sub-total … £16.83 m.) Housing modernisation loan. £0.99 m. 25 year loan at 1 per cent. The benefit of the low interest rate has to be passed on to the mine-worker-tenants. Article 55 Research grants … £0.65 m. Paid over 3 years. Represents 60 per cent. of total cost of projects. 15 projects contracted for in 1973 totalling £1.26 m. £0.44 m. 11 projects contracted for in 1974 totalling £1.58 m. (sub-total … £1.09 m.) Total contracted £2.84 m. Article 56 (2b) Readaptation grants (for retraining and redeployment of redundant mineworkers). Nil £10.44 m. grant agreed in December 1974 in respect of mineworkers made redundant in 1973–74. A further series of four loans, totalling $40.2 million for 10 years at 10 per cent. has just been agreed to be drawn on 18th February. In addition, the NCB is negotiating a loan from the European Investment Bank.