§ Mr. Braine
asked the Secretary of State for the Colonies to what extent it is now proposed that the Colonial Development Corporation will, in future, be permitted to operate in the Federation of Malaya and other Colonial Territories which become independent.
§ Mr. Lennox-Boyd
Her Majesty's Government have decided that, as in the case of Ghana, the Corporation should not undertake new projects in such territories after independence. The Corporation will, however, be permitted to continue with schemes existing at the date of independence, and if necessary to provide further capital for these schemes after that date. It will also be enabled, on the request of the Government of any independent member of the Commonwealth, to undertake the management of any project on a managing agency basis without commitment of the Corporation funds.
Her Majesty's Government intend to introduce legislation to give effect to these decisions as soon as possible by amendment of the Overseas Resources Development Acts.