§ Mr. Warbey
asked the Chancellor of the Exchequer what are the rates of interest charged on the United Kingdom Government loans, estimated to amount to £60,400,000, to be made for overseas 80W development during the year 1959–60; and what is the total amount repayable, including interest and any other charges.
§ Mr. A. Barber
The rates of interest on these loans ranged, in general, from 4½ per cent. to 5¾ per cent., according to the date of disbursement and the period agreed for repayment. Some of the lesser amounts lent during the year were at lower rates of interest or interest-free. It is estimated that the total due as repayment and interest on the sums disbursed during 1959–60 will, over the whole life of the loans, amount to roughly £95 million.