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Borrowing Powers

Volume 887: debated on Tuesday 25 February 1975

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asked the Secretary of State for the Environment 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 Housing Corporation obtained a borrowing power not exceeding £400 million in the Housing Act 1974; the British Railways Board obtained a borrowing power set at £600 million or, subject to an order made by me, a larger sum not exceeding £900 million, under the Railway Act 1974.