§ Ms Mowlam
To ask the Secretary of State for National Heritage what provisions have been made for Government funding for the Royal Opera house if its application to the millennium fund is not successful; and what assessment he has made of the ability in this event of the Royal Opera house to refund the money it has borrowed.
§ Mr. Sproat
I have made no such provision or assessment. However, borrowings by the Royal Opera House Development Land Trust in connection with the Royal Opera house development are subject to my right hon. Friend's consent. Such borrowings cannot exceed a specified proportion of the value of the marketable assets available to the trust.