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We are not in the position of 1976, or even of 1980, when we were over-spent, over-borrowed and over-taxed.
The farmers who are over-borrowed can best be helped by slightly lower interest rates.
As a result of the rush for growth, takeovers, and defences against takeovers, many companies became over-borrowed.
They have over-borrowed, with high interest rates and with a sluggish demand for their exports at low prices.
They have over-borrowed, and to carry out this project they require over £60 million.
Many of them have heavily over-borrowed.
I do not want to sound all doom and gloom, but, if we are honest, we must admit that we have an industry which is over-borrowed and over-capitalised.
Industry has over-borrowed; everybody has over-borrowed.
