HC Deb 24 February 1969 vol 778 cc212-3W
93 and 94. Sir T. Beamish

asked the Chancellor of the Exchequer (1) if he will publish in the OFFICIAL REPORT a table showing the total interest due to be paid on all foreign loans to the United Kingdom, including drawings from the International Monetary Fund, in each of the years 1969 to 1975, inclusive.

(2) if he will publish in the OFFICIAL REPORT details of the capital outstanding on each foreign loan to the United Kingdom including drawings from the International Monetary Fund on 31 st December 1968 and at the latest available date, and the repayments of capital and payments of interest due to be made in each month of 1969.

Mr. Harold Lever

Interest due up to 1975 on all external loans taken by H.M. Government, including I.M.F. drawings, is as follows:

£ million
1969 1970 1971 1972 1973 1974 1975
87 76 70 47 43 41 39

The amounts of capital outstanding are as follows:—

£ million
Amount outstanding at
31st December, 24th February,
Lender 1968 1969
Portugal 23 23
United States Line of Credit 1,262 1,262
United States Lend-Lease 197 197
Canadian Credit 369 369
United States Economic Co-operation Administration 108 108
United States Mutual Security Agency 18 18
Germany—European Payments Union 25 25
International Monetary Fund—May, 1965 drawing 500 417
Parallel Swiss Loan 11 4
International Monetary Fund—March, 1966 drawing 51 51
United States Export Import, Line of Credit (Military Aircraft Loans) 229 230
Bank for International Settlements 43 26
Deutsche Bundesbank 21 21
International Monetary Fund—June. 1968 drawing 583 583
TOTAL 3,440 3,334

Repayments of capital and payments of interest due monthly in 1969 are as follows:

£ million
capital Interest
January 26 0.1
February 99 0.5
March 60 7.7
April 9 0.1
May 96 0.2
June 16 14.3
July
August 97 1.0
September 7.3
October 1.2
November 83
December 59 54.2
545 86.6

These tables exclude short-term transactions between Central Banks, which it is not customary to disclose.