HC Deb 02 November 1949 vol 469 cc54-5W
Sir W. Smithers

asked the Chancellor of the Exchequer if he will give in tabular form the amounts and details of outstanding loans made by Great Britain to other countries.

Mr. Glenvil Hall

Details of outstanding loans to or for Colonial and other Governments, other than those arising out of the 1939–1945 War, are to be found on pages 70, 71 and 72 of the Finance Accounts of the United Kingdom 1948–49. In addition, loans to Allied Governments arising out of the 1939–1945 War are outstanding as shown in the statement below.

LOANS BY HIS MAJESTY'S GOVERNMENT OUTSTANDING ON 31ST OCTOBER, 1949
— Amount outstanding Interest rate —
£000
CHINA—
Agreement of 2nd May, 1944 on Financial aid for war purposes. 8,128 — Question of repayment in abeyance.
Agreement of 5th June, 1941 for £5 million Loan for National purposes. 4,109 3½ per cent. Repayment by annuities ending April 1961.
FRANCE—
Anglo-French Financial Agreement of 3rd December, 1946 (Cmd. 6988). 100,677 ½ per cent. Repayable by twelve annuities—first annuity due September, 1950.
NETHERLANDS—
Agreement of 11th March, 1948 on War-time Debts (Cmd. 7358). 42,855 ½ per cent. Repayable by annuities ending February, 1968.
POLAND—
Agreement of 24th June, 1948 on outstanding Financial Questions (Cmd. 7148). 10,000 — Repayable by fifteen annual instalments—the first payment to be made in June, 1952.
Agreement of 24th June, 1948 on outstanding Financial Questions (Cmd. 7148). 47,500 — Question of repayment in abeyance.
TURKEY—
Anglo-Franco-Turkish Treaty of Mutual Assistance, 19th October, 1939 (Cmd 6165) 29,214 4 per cent. Repayable by annuities ending December, 1966.
U.S.S.R.—
Agreement of 27th December, 1947 (Cmd. 7297). 33,120 ½ per cent. Each advance repayable by twelve equal annual instalments—the first due at the end of the fourth year from the date on which the advance was made.
CZECHO-SLOVAKIA—
Agreement of 28th September, 1949 for settlement of Inter-Governmental Debts (Cmd. 7798). 19,747 1 per cent. Repayable by instalments from January, 1954 to July, 1965.
Agreement of 28th September, 1949 for settlement of Inter-Governmental Debts (Cmd. 7798). 409 — Repayable by lour equal instalments ending 1st July, 1950
Agreement of 28th September, 1949 for settlement of Inter-Governmental Debts (Cmd. 7798). 34 — Repayable 1st September, 1950.
Agreement of 28th September, 1949 for settlement of Inter-Governmental Debts (Cmd. 7798). 90 — Repayable 1st July, 1950.
Agreement of 28th September, 1949 for settlement of Inter-Governmental Debts (Cmd. 7798). 64 — Repayable 1st October, 1950.
Agreement of 14th December, 1946 for Surplus Stores (Cmd. 7085). 2,500 ½ per cent. Repayable by two equal instalments on 1st January, 1950 and 1st January, 1951.
Agreement of 15th August, 1945 for purchase of goods in the United Kingdom. 4,136 2¼ per cent. Repayable by annuities ending in July, 1953.