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Post Office And Telecommunications

Volume 885: debated on Friday 31 January 1975

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asked the Secretary of State for Industry how the $1,000 million borrowed abroad by the Post Office and Telecommunications Services in 1973 and 1974 has been allocated or spent.

The purpose of this borrowing is to help finance capital expenditure. The hon. Gentleman will find further information in the Post Office's Report and Accounts for 1973–74, Statements A4, B4 and C4 on the application and source of funds.