§ Dr. McDonaldasked the Secretary of State for Industry whether the Government have played any part in the arrangements whereby International Computers Ltd. secured an additional £70 million of borrowing facilities to the Government's £200 million loan.
§ Mr. Michael MarshallThe £70 million of borrowing facilities mentioned by the hon. Member which the banks have made available to ICL is an integral part of the Government's loan guarantee facility. The Government are guaranteeing borrowings of up to £200 million which ICL makes from its banks in excess of £70 million.
§ Dr. McDonaldasked the Secretary of State for Industry if, as well as guaranteeing loans to International Computers Ltd. of up to £200 million under the Industry Act 1972, he has given guarantees directly or indirectly to support the extra £70 million of borrowing facilities made available to International Computers Ltd. by its banks.