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European Investment Bank

Volume 884: debated on Tuesday 21 January 1975

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asked the Chancellor of the Exchequer whether loans from the European Investment Bank were being negotiated for (a) £18 million for the extension of the natural gas distribution network in Great Britain and (b) £5 million for oil exploration and production techniques in the North Sea during October 1974; and if they have yet been made.

Negotiations between the European Investment Bank and potential borrowers are confidential. If the hon. Member will write to me explaining what he has in mind, I shall try to help. But I know of no loans which exactly fit the details in the Question.