§ 35. Mr. Gresham Cookeasked the Secretary of State for the Colonies what proportion of the financing of the Kariba Dam contract was originally sought from the Colonial Development Corporation.
§ Mr. Lennox-BoydThe Corporation sought and were given approval for a loan of £15 million. I am not aware that any other amount was sought from the Corporation.
§ Mr. Gresham CookeIs it within the power of my right hon. Friend to suggest to Colonial Governments that they should apply to the Colonial Development Corporation for the full amount of finance required, so that we can do without the World Bank?
§ Mr. Lennox-BoydOn a previous occasion I, or one of my colleagues, explained that if all the finance of this or comparable schemes came from the Corporation there would be nothing available from that body for other smaller but very important schemes.