§ 59. Mr. T. Reid
asked the Chancellor of the Exchequer what was the total value of gifts made or promised to Britain by the United States of America since the cessation of Lend-Lease.
§ Mr. R. A. Butler
The gross amount is 2,215 million dollars, of which the composition was shown under "Grants" in the answer given on 26th May to the hon. Member for Norwich, North (Mr. J. Paton). Under the arrangements with the United States, however, 5 per cent. of the sterling counterpart of grants under Marshall Aid and Mutual Security Aid, 101W which account for 2,093 million dollars of the 2,215 million dollars, is made available to the United States Government for certain of its expenditures in the United Kingdom and elsewhere.