HC Deb 03 July 1962 vol 662 c27W
44. Sir W. Teeling

asked the Secretary of State for the Colonies how far the promise of Her Majesty's Government on 25th March, 1958, to give a grant of £25 million to Malta in five years has been implemented; and what is today the position concerning this grant

Mr. Maudling

This offer to which my hon. Friend refers was part of a proposed settlement which the Maltese Government at the time did not see fit to accept. Nevertheless, the British Government did subsequently undertake to provide £29¼ million in capital assistance over the period 1959 to 1964. It is estimated that at 31st March this year about £16¾ million of the total allocation remained available for expenditure in the remaining two years of the current development period.

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