HC Deb 29 March 1976 vol 908 cc376-7W
Mr. Blaker

asked the Chancellor of the Exchequer what negotiations he has entered into or is aware of relating to the refinancing and rescheduling of North Korea's external debts.

Mr. Dell

I am aware that North Korea is seeking some rescheduling of her external debt. Her Majesty's Government has entered into no negotiations with North Korea, and any rescheduling or refinancing of her debts to the United Kingdom will be a matter for the private creditors.

Mr. Blaker

asked the Chancellor of the Exchequer what is his estimate of the extent of United Kingdom loans and credits extended to North Korea.

Mr. Dell

North Korea's outstanding debt to United Kingdom organisations is estimated at roughly £32 million.