HC Deb 19 July 1978 vol 954 cc222-3W
Mr. Kinnock

asked the Secretary of State for Trade what steps he proposes to take to increase the speed of payments of debts from Chile to Great Britain.

Mr. Dell

Repayment of Chilean debts to the United Kingdom is made as quickly as corresponding payments to other creditor countries. We cannot realistically expect more favourable treatment in view of the "most favoured nation" clauses included in the relevant bilateral rescheduling agreements concluded by the Chilean Government.

Mr. Kinnock

asked the Secretary of State for Trade by what authority debtors in Chile are being allowed to repay debts to Great Britain at a slower rate than that originally scheduled.

Mr. Dell

Repayments of certain debts maturing in 1972–75 which were the subject of default are being received by the United Kingdom as quickly as corresponding debts to other creditor countries. Other debts are being paid normally.