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Hydro-Electric Scheme (Finance)

Volume 393: debated on Tuesday 9 November 1943

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asked the Secretary of State for Scotland what rate of interest is being charged by the Scottish banks on money lent for financing the North of Scotland Hydro-Electric Scheme?

No public issue of stock is contemplated prior to the commencement of capital works. What temporary accommodations are being required are being arranged for collectively by the Scottish banks at a low rate of interest which is regarded by the Board as very satisfactory.