HC Deb 15 February 1994 vol 237 cc704-5W
Sir Teddy Taylor

To ask the Chancellor of the Exchequer what are the present borrowing limits of the European Investment Bank; what sum has been borrowed to date; and if he will make a statement outlining the manner in which the bank raises its borrowing.

Mr. Nelson

[pursuant to his answer, 17 December 1993, column 977]: The total figure given for the European Investment Bank's subscribed capital was 57.6 million ecu, while the limit on the banks total outstanding lending was given as 144 million ecu. These figures are incorrect, and should have read 57.6 billion ecu and 144 billion ecu respectively.