HC Deb 29 June 1967 vol 749 cc117-8W
20. Mr. Henry Clark

asked the Minister of Overseas Development what amount of revenue he estimates will be lost to the Exchequer over the next five years by the policy of granting interest-free loans to developing countries rather than charging interest at an economic rate.

Mr. Bottomley

It is not possible to give a definite Answer to this Question, since it would depend on a series of variants, such as the waivers of interest which might have been granted had there been no interest-free terms. It would also depend on the dates on which drawings from loans will be made and on the interest ruling at the time of drawing.