§ Sir R. Russell
asked the Minister of Overseas Development what is the definition of the term, non-project, in items (i), (vi) and (viii) of loans to India in the Revised Schedule of Commitments provided for Subheads A 1 and B 1 of Class II, 7, of the Supplementary Civil Estimates, 1967–68.
§ Mr. Prentice
In general the term "non-project" is applied to loans which are not used for the establishment of new or the expansion of existing production and infra-structure facilities. These particular loans provide foreign exchange for the purchase of a very wide variety of spare parts, components and small capital items produced in Britain and required by firms in India which have traditionally bought these goods in Britain.