§ Lord Kennetasked Her Majesty's Government:
What conditions have in the past been imposed by foreign banks and governments lending to British local authorities.
§ The Minister of State, Department of the Environment (Lord Elton)This information is not available to Her Majesty's Government. Conditions on local authority borrowing are a matter between the authority and the lender. However, in all their financial transactions local authorities must have due regard to their fiduciary duty to their ratepayers, and are answerable to the district auditor.
§ Lord Kennetasked Her Majesty's Government:
Which local authorities, and of what political complexion at the time, have recently borrowed major sums from foreign banks, and from which banks.
§ Lord EltonSuch information as is available to Her Majesty's Government is not collected in the form requested. Details of individual authorities of this sort are subject to commercial confidentiality.