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National Enterprise Board

Volume 960: debated on Friday 15 December 1978

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asked the Secretary of State for Industry whether he is satisfied with the work being done by the National Enterprise Board.

asked the Secretary of State for Industry if he will state the total borrowing of the National Enterprise Board, including all the borrowings of subsidiaries of the Board and including borrowings of the subsidiaries prior to their acquisition by the National Enterprise Board as at 31st December 1978.

At 31st December 1978 the charges against the Board's financial limit were £660 million. The borrowings of the Board's non-wholly-owned subsidiaries are published in the accounts of these companies. The borrowings of the Board's wholly-owned subsidiaries prior to their acquisition by the Board are not published; they are a matter for the companies and the Board.