§ Sir G. Sinclair
asked the Secretary of State for Foreign and Commonwealth Affairs if he will make a statement on the recent financial talks with the Government of Malawi.
§ Mr. Wood
After talks in London at the end of May with the Government of Malawi, the British Government have undertaken to provide a development loan to Malawi of up to £11 million free of interest, over the three years 1972–73–1974–75. This will be for development projects in Malawi which will be mutually agreed from time to time. It will be available for disbursement at the rate of £3 million in the first year and £4 million in each of the next two years.
Parliament will in due course be asked to provide the necessary funds.