HC Deb 29 February 1968 vol 759 cc1745-6
23. Mr. Marten

asked the Minister of Overseas Development if he will make a statement on his visit to the British Virgin Islands.

Mr. Prentice

I spent three days in the British Virgin Islands earlier this month in order to see something of the development problems of this small British dependent territory and of the efforts which are being made to solve them. It is clear that economic growth depends largely on the development of tourism. I am glad to see that steady development is taking place, mainly in the private sector. Her Majesty's Government are helping considerably with the improvement of the airport, and the new comprehensive school among other things. Our total aid next financial year is expected to be over £400,000 approaching 20 per cent. higher than this year.

Mr. Marten

I am glad to hear that Answer. As the British Virgins use dollars—[Laughter.]—as the British Virgin Islanders use dollars as their local currency, does the right hon. Gentleman intend to increase our financial aid, in view of devaluation, by the amount of devaluation?

Mr. Prentice

Yes, Sir, the figures have been adjusted to take into account the effects of devaluation.

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