| | | | | | | 7 Investment Expenses and Charges |
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7 Investment Expenses and Charges
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| Long-term business | Non-technical account |
| 1998 £m | 1997 £m | 1998 £m | 1997 £m |
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Interest on bank loans and overdrafts | 29 | 16 | 40 | 37 |
Interest on other loans | 9 | 2 | 65 | 38 |
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Total interest payable | 38 | 18 | 105 | 75 |
Investment management expenses | 259 | 241 | 5 | 3 |
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Total | 297 | 259 | 110 | 78 |
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