Note 16
16. Contingent liabilities and financial commitments
In the normal course of business the Company has given guarantees in respect of commercial transactions.
These include:
(a) | the Company has given a guarantee to The Royal Bank of Scotland plc to secure the overdrafts of certain of its subsidiary companies |
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(b) | the Company has given a guarantee to Lloyds Bank PLC in respect of certain leasing obligations of certain subsidiary companies amounting to £79.6 million (2008 £65.8 million). |
