HC Deb 16 December 1975 vol 902 c562W
Mr. Cant

asked the Chancellor of the Exchequer whether he will publish an estimate of the amount of interest on Eurodollar loans set off against the repatriation of funds by British overseas companies in the latest 12-month period; and what percentage of total profits this is.

Mr. Dell

The payment of interest on Eurocurrency loans taken by British companies to finance overseas subsidiaries is normally required to be offset in due course against matching benefits received from the subsidiary before exchange control permission is given for the repayment of the loan. Aggregate figures of the amount of interest paid on such loans are not available, and I regret that the required estimates cannot be made.

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