§ Lord Malcolm Douglas-Hamilton
asked the Financial Secretary to the Treasury whether Her Majesty's Government will sponsor and guarantee a loan 117W from the International Bank for Reconstruction and Development for schemes of development in the Highlands of Scotland such as the Spey Valley Drainage Scheme, water supply schemes and improved roads and other communication facilities.
§ Mr. Boyd-Carpenter
No. As has been already explained to my noble Friend by my right hon. Friend the Secretary of State for Scotland, this proposal would be inconsistent with the policy of Her Majesty's Government.