§ Mr. VazTo ask the Secretary of State for the Environment how many local authorities which had deposits in BCCI have applied for directions from him concerning their losses; how these should be dealt with; and if he will list them.
§ Mr. PortilloWe have received applications for directions under section 62(2) of the Local Government and Housing Act 1989 to increase the authority's aggregate credit limit from Alnwick, Mansfield and Southwark. We have also received an application from Three Rivers for a direction under section 40(6) of that Act to permit the authority to treat expenditure in meeting potential losses as expenditure for capital purposes. In addition, Bury has asked for a supplementary credit approval. We are considering all these applications.