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Borrowing Powers

Volume 886: debated on Thursday 20 February 1975

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asked the Secretary of State for Energy if he will list the individual limits of lending or borrowing powers obtained by his Department by means of legislation or affirmative order in the past 12 months.

The only powers obtained during the period in question were in respect of nationalised industries for which my Department is responsible, as shown below:

Electricity Industry: The statutory borrowing limit of the Electricity Council and Boards in England and Wales was increased on 1st September 1974 from £5,200 million to £6,500 million under the Electricity (Borrowing Powers) Order 1974 (SI 1974/1295) made on 26th July 1974.
National Coal Board: The NCB's borrowing powers were increased on 30th August 1974 from £550 million to £700 million by the Coal Industry (Borrowing Powers) Order 1974 (SI 1974/1296) made on 26th July 1974.