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Mr. Douglas
asked the Secretary of State for Trade and Industry what is the rate of interest on Industrial Reorganisation Corporation loans to Rolls-Royce Limited.
Mr. John Davies
About 7½ per cent. over the period of the loan.
Mr. Sheldon
asked the Secretary of State for Trade and Industry if he will make a statement on the Bank of England loan to Rolls-Royce.
Mr. John Davies
I would refer the hon. Member to the reply given today to the right hon. Member for Devon, North (Mr. Thorpe).