§ Mr. Dell
I assume that the hon. Member has in mind Her Majesty's Government's foreign currency load of $2-5 billion, which was wholly drawn between October 1974 and February 1975. It is not possible to give a precise figure for the annual servicing cost since this loan is on a floating rate basis, with different rates applicable to different tranches. In broad terms, however, the cost of servicing the loan, at present interest rates, will amount to some $200 million per annum.