§ Mr. Hamiltonasked the Chancellor of the Exchequer what representations have been made to the Government of the United States of America on the possibility of waiving repayment of the American loan pending the recovery of the United Kingdom economy.
§ Mr. H. MacmillanAs I informed the House in my reply to the hon. Member for Orkney and Shetland (Mr. Grimond) on 7th February, 1956, exchanges have taken place from time to time between Her Majesty's Government and the Government of the United States as regards the conditions of repayment of the United States Line of Credit of December, 1945. The decision to claim a waiver of the interest payments on the loan is a decision for Her Majesty's Government to take in the light of all relevant considerations and no decision has yet been taken as regards the payment due on 31st December, 1956.