§ Mr. Sheermanasked the Secretary of State for Industry what financial relationships exist between the Post Office and the North Carolina National Bank.
§ Mr. Adam ButlerFinancial relationships between the Post Office and commercial banks, other than borrowing requiring consent under section 35 of thePost Office Act 1969, are a matter for the corporation within such Treasury guidelines as may be applicable.
§ Mr. Sheermanasked the Secretary of State for Industry what percentage of the Post Office's revenue is funded by loans from foreign banks.
§ Mr. Adam ButlerForeign loans represented at 31 March 1980 15 per cent. of the Post Office's long-term borrowing. The money received from these loans forms part of the Post Office's capital funding.