HC Deb 25 January 1971 vol 810 cc7-8W
34. Mr. W. T. Williams

asked the Secretary of State for Foreign and Commonwealth Affairs what was the last date on which a financial agreement was made between the Government of the United Kingdom and the Government of Malta; what were the terms of the agreement; what conditions have been agreed regarding the payment of any sums by Her Majesty's Government to Malta; when these sums are proposed to be paid; and whether they are proposed to be made by loan or by grant, or how otherwise

Mr. Wood

The terms and conditions of our present development aid to Malta are set out in the Agreement on Financial Assistance dated 21st September, 1964 (Cmnd. 3111) whch made £51 millions available over the 10-year period ending 31st March, 1974. Of this, about £28 millions had been drawn by 31st March, 1969. I reported to the House on 16th November the terms on which the balance of about £23 millions is to be provided. Of the £11.2 millions agreed for disbursement in the current financial year, £8.4 millions has been issued as grant and the balance of £2.8 millions is shortly to be issued as loan. Future annual phasing has still to be decided.—[Vol. 806, c. 845–46.]