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Lord HARRIS of HIGH CROSS
asked Her Majesty's Government:Following their Answer of 6th October (H.L.
Official Report, 7th October, cols. 168–171) detailing financial support for nationalised industries, what further public money (in 1979 survey prices) has been made available to the British Steel Corporation by means of public dividend capital or in other forms not covered by the earlier Answer.
Viscount TRENCHARD
Since nation-alisation in 1967 the following amounts, in 1979 survey prices, have been provided to meet the British Steel Corporation's financial requirements over successive five year periods:
| £ million | |||
| April 1965 to March 1970 | April 1970 to March 1975 | April 1975 to March 1980 | |
| PDC and capital subscribed under section 18(1) | — | 80 | 3,100 |
£ million
| |||
April 1965 to March 1970
| April 1970 to March 1975
| April 1975 to March 1990
| |
| Long term borrowing net of repayments | 66 | 918 | 903 |
| Regional Development Grants | 179 | 346 | 349 |
| Total finance supplied or guaranteed by Government | 245 | 1,344 | 4,352 |