§ 41. Mr. Jayasked the Chanceller of the Exchequer what loans were made to West Germany by the United Kingdom Government in the early post-war years; and how far these loans have been repaid by the West German Government.
§ Mr. MaudlingLoans were made to West Germany by Her Majesty's Government in the early post-war years in kind by way of economic assistance. The value of this assistance was £201.8 million. It was agreed in 1953 that the Federal Government should repay £150 million of this sum over 20 years in full and final settlement. So far £37.5 million has been repaid. In addition, a deposit of £75 million was made in 1957 by the German Central Bank with the Bank of England from which future repayments could be made.
§ Mr. JayDoes that mean that there is still a considerable outstanding balance owed to this country by West Germany?
§ Mr. MaudlingYes, Sir. The outstanding balance would be £112½ million.