§ 25. Mr. Gristasked the Chancellor of the Exchequer if he will list the loans granted by the European Investment Bank for projects in the United Kingdom in 1974.
§ Mr. DellIn 1974 the European Investment Bank granted nine loans totalling £79.9 million for projects in the United Kingdom. The details are: 249W
250W
EUROPEAN INVESTMENT BANK LOANS, 1ST JANUARY 1974 TO 31ST DECEMBER 1974 Borrower Amount £m. Terms Project North of Scotland Hydro-Electric Board … … … 10.4 20 years at 9½ per cent. Peterhead Power Station, Aberdeenshire. Elf Oil (U.K.) … … … … … … … 10.4 10 years at 9⅞ per cent. Development of the Frigg gas field in the North Sea. Total Oil (U.K.) … … … … … … Aquitaine Oil (U.K.) … … … … … … Kent and Essex County Councils … … … … 7.0 10 years at 10½ per cent. Second Dartford Tunnel. British Steel Corporation … … … … … 8.0 12 years at 10½ per cent. New Sinter plant at Port Talbot Steelworks. British Steel Corporation … … … … … 12.0 12 years at 10½ per cent. Construction of bar mill at Thrybergh Steelworks near Rotherham. Industrial and Commercial Finance Corporation … … 10.0 10 years at 10½ per cent. For on-lending to small and medium-sized firms in the development areas. Lewis Offshore Ltd. … … … … … … 4.0 8 years at 10½ per cent. Development of a construction yard at Arnish Point in the Hebrides for the assemble of equipment for offshore oil exploration and production. Electricity Council … … … … … … 15.6 12 years at 10½ per cent. Nuclear power station at Hartlepool. Short Brothers and Harland Ltd., Belfast … … … 2.5 5 years at 10½ per cent. Development of low-cost commuter aircraft at the company's factory in Belfast.