§ Mr. Knox
asked the Secretary of State for Foreign and Commonwealth Affairs if he will make a statement when it is decided whether or not further instalments of the loan concerning the investment in Agusan Del Sur in the Philippines are to be paid by the Commonwealth Development Corporation, setting out the reasons for the decision.
§ Mr. Raison
As my predecessor, my right hon. Friend the Member for Banbury (Sir N. Marten), announced in January, the drawdown of the loan to NGPI after June 1983 will be conditional upon the Commonwealth Development Corporation being satisfied on the observance of a number of undertakings, including the implementation of new security arrangements for the project. I have asked to be kept informed of progress.