§ Mr. Juddasked the Minister of Overseas Development whether he will make a statement on the rates of interest at present being charged on Government funds advanced to the Commonwealth Development Corporation.
§ Mr. PrenticeLoans to the Commonwealth Development Corporation are charged interest at the Treasury rate current at the time of issue but there is a limited waiver of interest on part of each year's borrowing.
The current rate is 8¼ per cent. Out of a total of £10 million provided for 1968–69, £5 million will carry a seven-year waiver of interest.