§ Mr. Gryllsasked the Secretary of State for Industry how much public money has been committed altogether by the Government to Nuclear Enterprises Limited (a) by means of equity participation and (b) by means of loans; and if he will publish the conditions under which these loans were made and the date for their repayment.
§ Mr. Les HuckfieldIn 1967 the IRC subscribed £100,000 for shares in Nuclear Enterprises Ltd. and made the company a loan of £500,000. The loan carried interest at 6.1 per cent. compounded yearly with provision for deferment of interest charges for the first two years. Full repayment of the loan is due on 31st December 1977. Further information is available in the published IRC Report and Accounts for 1967–68.