Concorde Aircraft Bill

Part of the debate – in the House of Commons at 12:00 am on 11 December 1972.

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Photo of Mr Joel Barnett Mr Joel Barnett , Heywood and Royton 12:00, 11 December 1972

Is the Minister really saying that commercial usage does not enter into it? When a company borrows money against any or all of its assets that fact is publicly known. Under the Bill we will lend up to a possible £350 million but the Minister is not even prepared to reveal against what assets that is secured.