Indeed. King committed, in his days as Chairman, to interest-free, unsecured loans. That’s not happening now, with loans having an interest rate (coupon!) of 6% and Edmiston House as security. Of course, King did give an unsecured loan of £5m at 8% interest - but that was down to South African regulations which, I believe, ultimately played a part in him stepping down due to an inability to invest further without such onerous terms being applied.
His vote against wasn’t a fit of pique, but because his belief remains that any loans should be interest-free and unsecured. Hard to criticise him for that.