§ Sir C. Osborne
asked the Chancellor of the Exchequer for how long he has deferred the £62 million North American debt service; when the next payment is due; if he proposes to ask for a further deferment; and if he will make a statement.
§ Mr. Callaghan
Under the terms of the revised North American loan agreements, the deferred 1964 instalment will be repaid in December 2002. The next loan payments are due in December 1965. It is too early yet to say whether the U.K. will wish to take advantage of the deferment provisions in the relevant agreements.