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National Enterprise Board

Volume 959: debated on Thursday 30 November 1978

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asked the Secretary of State for Industry what are the actual borrowings of the National Enterprise Board and the total amount of overdraft facilities available to the National Enterprise Board subsidiary and associate companies, as at 30 November 1978, both of which count against the limit set under section 8 of the Industry Act 1975.

At 6th November 1978, the last date on which the Board prepared a certificate for the purposes of borrowing from the Secretary of State, the general external borrowing of the Board, as defined in section 8(4) of the Industry Act 1975, amounted to £162·132 million. Overdraft facilities available to the Board's subsidiaries and associate companies arc not a charge against the Board's financial limit, as defined in section 8(2) of the Act.

asked the Secretary of State for Industry why the National Enterprise Board's subsidiary United Medical Enterprises Limited has not been registered in Great Britain; in which country it is registered; and if he will list the directors, the dates of their appointment and their salaries.

These are matters for the NEB, but I understand that United Medical Enterprises Limited is in fact registered in England.