27. Mr. W. H. K. Bakerasked the Chancellor of the Exchequer how much capital repayment and how much interest falls due for payment during the current financial year on long-term loans to Her Majesty's Government from foreign Sources.
§ The Financial Secretary to the Treasury (Mr. Dick Taverne)With permission, I will publish the information in the OFFICIAL REPORT.
Mr. BakerWhat is the amount of money available in Government funds for the repayment of these debts and what proportion will come from " hot " money?
§ Mr. TaverneRepayment of the long term debt is calculated in the balance of payments forecast which are contained in the Financial Statement. The hon. Gentle- man will have noted what the Chancellor said about the question of " hot " money in his Budget speech.
§ Following is the information:
| £ million | |||
| Repayments Capital | 1970–71 Interest | ||
| U.S.A.— | |||
| Line of Credit | … | 27 | 27 |
| Lend Lease | … | 4 | 4 |
| E.C.A. | … | 5 | 3 |
| M.S.A. | … | 1 | — |
| Export-Import Bank | … | 43 | 11 |
| Canadian Credit | … | 8 | 8 |
| Germany E.P.U. | … | 10 | 1 |
| Deutsche Bundesbank | … | — | 1 |
| Offset Agreement | … | — | 2 |
| Portugal | … | 5 | — |
| Total | … | 103 | 57 |
§ Note:Small repayments of not more than £0.5 million in the year due under two sterling loans to the United Kingdom are not included in the above table.