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New loan scheme
Page 20
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LOANS ranging from £5,000 to £250,000 for up to 10 year are available in a new Midland Bank Venture Loan Schein, specially designed for independent businesses.
Interest for the Venture amount be necessary. It will bE loans, which are secured, will be charged at 3 per cent over Midland Bank base rate regard less of the amount of the loan.
Repayments will be by equal instalments, combining the benefits, of regular repayment with a variable true rate of interest charged • on the amount actually owing on a daily basis. Borrowers will know exactly where they stand from the outset and can budget accordingly.
Only in the case of significant fluctuations in base rate will any change in the repayment recalculated so that futurE repayments remain equal.
ENTRY CHARGES to Lon don's Covent Garden frui market have been increased with six-month permits no costing £37.50 and thc casual entry charge being in creased to £1.50 per entry Holders of trade cards wil pay £1 per visit.
These new charges are in clusive of VAT unlike the olc charges which were not sub. ject to VAT.