in their ears debt
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;IR GORDON BORRIE, ,ctor-General of Fair Trading, warning the public against 3nare of interest charges on .owed money, the district itor was telling the Humber ge Board a few home truths ut its own indebtedness. At 3ame time Parliament was ating a Bill to increase loans nancially embarrassed ntries so that they could pay rest on existing loans.
r Gordon's case of a couple ) borrowed £50 when they Tied 25 years ago and now they owe money lenders i00, had a parallel in the iowledged marvel of Jern engineering. The nber bridge was built on rowed capital of £96.4m but rest already amounts to .6m and shattered ratepayerE be faced with debt charges 300m in 11 years if the fernment does not take over burden.
he unhappy couple are aying their debt at £10 a week will still owe £1,990 at the I of the year. The Bridge ird, on the other hand, is .arently sinking further into rt at the rate of about 0,000 a week. The answer is and Brazil the money to buy bridge and then lend it still re to repay the interest on the ital that it will never redeem. )ch Powell has a word for it.