§ Mrs. GordonTo ask the Chancellor of the Exchequer how many of the secured loans made by NMB Group plc's fully-owned subsidiary, Consumer Loans Company Limited, were redeemed during the Bank of England's ownership of NMB Group plc from 1994 to February 2000; in what proportion of the redeemed loans a charge for early settlement equal to six months' interest was levied; and in what proportion of the redeemed loans the charge for early settlement was calculated by reference to the Rule of 78. [125946]
§ Miss Melanie JohnsonDuring the period of the Bank of England's ownership, NMB was run on an arms length basis under its own board of directors. The overall policy was to run down the business. The Bank does not have details of loans and repayments, but asked NMB to responded positively to any approach by individual borrowers who wished to refinance their loan.