§ 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?