§ Mr. Morganasked the Secretary of State for Wales whether he will initiate amending legislation to permit the Welsh National Water Development Authority to borrow from other, and cheaper, sources than the National Loans Fund and foreign lenders.
§ Mr. John MorrisThe question of water authorities' borrowing powers will be considered when the review of the workings of the Water Act 1973 and the reorganised water industry takes place next year.
§ Mr. Morganasked the Secretary of State for Wales why wider borrowing powers are permitted in the case of local water undertakings acting as agents of the Welsh National Water Development Authority than in that of the authority itself.
§ Mr. John MorrisWater companies are private concerns and the legislation controlling their borrowing powers is different from that relating to water authorities which are public bodies.