India (Aid) (Hansard, 26 January 1967)

§ 68. Mr. Onslow

asked the Minister of Overseas Development whether he will publish in the OFFICIAL REPORT a detailed breakdown of the British economic aid

AID TO INDIA
New Loans signed 1965–66 and 1966–67
		Amount
Date of signature		£ m.	Purpose
1. 15th June 1965	…	5	General purpose aid available for a wide range of imports of immediate value to the Indian economy.
2. 20th October 1965	…	10	General purpose Aid (as above).
3. 20th December 1965	…	4	Components and spare parts for metal using industries in India (Kipping Aid).
4. 11th February 1966	…	7.5	Food Emergency Loan towards the foreign exchange costs of shipping emergency supplies of wheat and other foodstuffs from Commonwealth countries, the provision of grain handling equipment for Indian ports and the purchase of commodities of immediate value in helping to deal with the food emergency including pesticides and fertilisers.
5. 20th April 1966	…	4.833	Components and spares for the Heavy Electrical Plant at Bhopal.
6. 20th April 1966	…	0.167	Sulphuric Acid plant at Sindri.
7. 10th May 1966	…	10.0	General purpose Aid (See 1).
8. 10th May 1966	…	4.0	Kipping Aid (See 3).
9. 10th May 1966	…	3.0	Components and spares for the Heavy Electrical Plant at Bhopal.
10. 5th December 1966	…	13.5	General purpose Aid (See 1).

Disbursements 1965–66		£m.
From loans made prior to 1965–66	…	…	…	…	…	…	…	…	17.053
From new loans signed in 1965–66	…	…	…	…	…	…	…	…	15.067
Technical assistance	…	…	…	…	…	…	…	…	.754
	Total	…	32.874

Disbursements 1966–67
It is not possible to forecast precisely how much will be disbursed in the current financial year. The relevant figures for the calendar year 1966 are as follows:—
Disbursements 1966		£m.
From loans made prior to 1966	…	…	…	…	…	…	…	…	…	21.495
From new loans signed in 1966	…	…	…	…	…	…	…	…	…	22.370
Technical Assistance	…	…	…	…	…	…	…	…	…	.794
	Total	…	44.659

Aid in 1967–68
Aid to India for 1967–68 is subject to the usual negotiations and consultations and it is not possible at this stage to forecast the amounts that will be pledged or disbursed.
Total flow of aid to India net of capital repayments and interest on previous aid loans
	£m.
1965–66 Total disbursements	…	…	…	…	…	…	…	…		32.874
less principal repaid	…	…	…	…	…	…	…	…	6.274
interest	…	…	…	…	…	…	…	…	8.222	14.496
	Net	…	…		18.378

	£m.
1966 Total disbursements	…	…	…	…	…	…	…	…		44.659
less principal repaid	…	…	…	…	…	…	…	…	11.797
interest	…	…	…	…	…	…	…	…	8.731	20.528
	Net	…		24.131

332W

given to India in 1965–66 together with the anticipated figures for 1966–67 and 1967–68, and the total net outgoings of British economic aid to India in each of these three years.