§ Mr. Macleanasked the Chancellor of the Exchequer what conditions were attached to the loan of £2,000,000 recently granted to Spain; and whether those conditions can be stated to this House?
§ Sir K. WoodThe loan in question was granted as part of the general settlement of outstanding financial matters between this country and Spain which was contained in the Agreement regarding trade 1361W and payments of the 18th March last. (See Cmd. Papers 6188 and 6189.) Under that Agreement the money is available through the Anglo-Spanish Clearing as required by the Spanish Government, for purchases in the United Kingdom or other countries of the Sterling area. No other conditions were attached to the grant.