HL Deb 30 June 1987 vol 488 c237WA
Lord Brougham of Vaux

asked Her Majesty's Government:

What progress has been made in establishing an international trust fund to provide Tuvalu with revenue to meet its recurrent expenses.

Lord Glenarthur

An agreement to establish the trust fund was signed in Suva on 16th June by representatives of the governments of Australia, New Zealand, Tuvalu and the United Kingdom. A copy was laid before the House on 25th June. After ratification, we intend to make a contribution to the fund of 8.5 million Australian dollars, approximately £3.86 million at current rates of exchange.