34. Mr. W. T. Williamsasked 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 8W these sums are proposed to be paid; and whether they are proposed to be made by loan or by grant, or how otherwise
§ Mr. WoodThe 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.]