HC Deb 25 March 1983 vol 39 cc500-1W
Mr. Alton

asked the Secretary of State for Foreign and Commonwealth Affairs whether he will break down the scheduled drawdown of the loan that the Commonwealth Development Corporation intends to make to NGPI, Agusan del Sur Province in the Philippines, after June 1983; what proportion of the loan will be paid in June; and what sums will be paid subsequently providing the safeguards introduced at his request have been satisfactorily implemented.

Mr. Raison

I am informed by the Commonwealth Development Corporation that the drawdown of the loan £6.4 million to NGPI will depend on the rate at which expenditure is incurred. It expects that about one-third of the loan, in respect of expenditure already incurred, will be issued before June 1983; the balance is expected to be disbursed over a period of two and a half years providing the loan conditions are satisfactorily observed.