§ 23. Mr. Goodhartasked the Secretary of State for the Colonies how much of the money loaned by the World Bank in 1961 for African resettlement in Kenya has been spent; and how much has been allocated to specific resettlement projects.
§ Mr. MaudlingInternational Bank loans are drawn in reimbursement of expenditure on the basis of specific settlement projects approved by the Bank. None of the loan has yet been drawn; but the Kenya Government have so far earmarked £180,000 of the loans from the International Bank and the Colonial Development Corporation for specific settlement projects.
§ Mr. GoodhartIs not that rather a depressing Answer? Can my right hon. Friend give the House any assurance that the bulk of this money will be used before the end of the year?
§ Mr. MaudlingIt is a little disappointing that it has not gone faster, but the difficulty is to find suitable tenants for this type of scheme with adequate capital of their own and adequate standards to meet the rather substantial requirements. It is disappointing that it has not gone faster, but I have no doubt that every effort is being and will be made to make things move as fast as we can.