HC Deb 29 July 1958 vol 592 c97W
58. Mr. Brockway

asked the Secretary of State for the Colonies on what grounds the request by the Minister of Trade and Industry and the Minister of National Resources of British Guiana for an additional allocation of £6 million for productive expansion was rejected during his recent discussions with the delegation from that Colony.

Mr. Lennox-Boyd

The latest revised estimates of the present development plan showed a shortfall of £5.9 million in the sums available to meet it. Her Majesty's Government agreed to lend British Guiana for this purpose up to £5.5 million, and they believe that this, combined with the fullest use of local resources, will be sufficient to meet practically the whole of the expenditure which proves to be needed for that plan up to the end of 1959.