My hon. Friend gives a good illustration of why the thinking of this bank is extremely woolly and is the result of an enormous rush to establish it, about which we have been told tonight.

If one is to borrow money at the rate of interest that I have suggested and then on-lend it, the question arises how one will make money out of promoting environmental issues, which I fully support. But one cannot be made to pay if one is borrowing money at high interest rates.