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ERF loan

12th January 1980
Page 5
Page 5, 12th January 1980 — ERF loan
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Which of the following most accurately describes the problem?

A Om LOAN is being made available to ERF by the European Coal and Steel Community to finance its expansion programme.

The first Om will be available from June, and the rest will probably be used in 1981.

The company needs the money to help develop its new Wrexham plant which opens next year, and to finance its research and development centre at Middlewich.