HC Deb 21 November 1961 vol 649 c1124
17. Mr. Boyden

asked the Chancellor of the Exchequer what steps have been taken by the Development Assistance Group towards extending the investment of capital in under-developed countries; and what contribution Her Majesty's Government are planning to make in 1962.

Mr. Selwyn Lloyd

The Development Assistance Group has now become the Development Assistance Committee of the O.E.C.D. The rôle of the new Organisation in encouraging the provision of capital to under-developed countries is described in the communiqué issued on 17th November, which I have said is being circulated in the OFFICIAL REPORT. Our own governmental aid expenditure is running at about £180 million this year, as compared with £150 million last year.

Mr. Boyden

Will the right hon. and learned Gentleman say what percentage of the gross national product is represented and whether he thinks it is enough?

Mr. Lloyd

If the hon. Gentleman will put down a Question I will try to answer it.