§ Mr. Don FosterTo ask the Secretary of State for Transport (1) whether the proposal on the level of interest rate to be charged on the loan to Trinitas Services Ltd. after the third year of the loan being drawn down was referred to the Treasury for instructions on the terms to be applied to the loan; and, how this transaction is governed by Government fiscal policy; [83577]
(2) whether the decision to provide an interest-free loan from the General Lighthouse Fund to Trinitas Services Ltd. was put to the (a) Lights Finance Committee and (b) Lights Advisory Committee for approval. [83523]
§ Mr. JamiesonAs the General Lighthouse Fund provided the loan to Trinitas Services Ltd., the Treasury was not consulted on the terms of the loan. No public funding was included.
675WThe loan was submitted to the Lights Advisory Committee for approval but not to the Lights Finance Committee.