§ Mr. Maudling
The grants and loans made available to Kenya, Uganda and Zanzibar by Her Majesty's Government in the United Kingdom financial years 1958–59 to 1961–62 inclusive are shown in the following table.
(2) The grants in respect of the Overseas Service Aid Scheme included in the figures for 1961–62 are estimated to amount to £2,665 million in the case of Kenya, £1.449 million in the case of Uganda and £121,000 in the case of Zanzibar.
(3) The grants to Kenya in 1961–62 include issues of grants-in-aid in respect of the two Kenya financial years 1960–61 and 1961–62. amounting in total to £6.177.
As regards further aid promised the position is as follows: 147W
- (a) In the case of all three territories agreements have been signed with the respective Governments under the Overseas Service Aid Scheme covering a period of ten years from the 1st April 1961.
- (b) In the case of Kenya I am considering the amount of grant-in-aid which will be necessary towards the expenses of administration in the Kenya financial year beginning the 1st July, 1962. The sum of £2½ million for this purpose has been provisionally included in the Estimates of the Colonial Grants and Loans Vote for 1962/63 (H.C. 118–11). At the 31st March, 1962, the unissued balance of the territory's Colonial Development and Welfare allocation is expected to amount to about £6¼ million. The balance of Exchequer loans remaining to be drawn for general development in the current Kenya financial year is £500,000 and I am considering what Exchequer loan funds can be made available for this purpose in the Kenya financial year 1962/63. Further Exchequer loans of £3¾ million have been promised towards agricultural settlement schemes.
Her Majesty's Government have also recently agreed to provide grants and loans totalling £1 million towards the cost of certain measures for maintaining agricultural production following the recent floods.
- (c) In the case of Uganda I would refer to my reply to the hon. Member for Gosport and Fareham (Dr. Bennett) on 1st March about the financial assistance promised to Uganda.
- (d) In the case of Zanzibar, it is estimated that the unspent balance of the Colonial Development and Welfare allocation will be £291,000 at the 31st March. 1962.
I am unable at present to give an estimate of the amounts of Exchequer advances which
LOANS RAISED BY COLONIAL GOVERNMENTS * £ million United Kingdom Financial Year 1959–60 1960–61 1961–62(estimate) 1. Stock issued in London (Nominal value): (a) Public issues — 3.38 — (b) Others 0.46 2.40 0.03 2. Loans issued under section 1 of the Colonial Development and Welfare Act, 1959 0.36 1.03 0.24 3. Loans issued under section 2 of the Colonial Development and Welfare Act, 1959 (Exchequer Loans 8.3 22.76 18.7 4. Loans issued through the Colonial Services Vote 2.75 1.59 1.40 5. Loans from the International Bank for Reconstruction and Development† — 2.00 14.85 6. Loan from the International Development Association† — — 1.00 Note. * Figures in this table include loans to colonial territories which have subsequently become independent, but do not include loans to the Federal Government of Rhodes and Nyasaland † The figures of loans from the International Bank and the International Developnments Association represent the value of loans signed during the years in question. These loans are disbursed as expenditure on the loan project proceeds and the figures of actual disbursements during these years under these and earlier loans are not readily available.
will be required by the Colonial Development Corporation for investment in the three territories in 1962–63.