HC Deb 18 March 1948 vol 448 cc273-4W
Mr. Gallacher

asked the Secretary of State for the Colonies what is the amount of the funds of each native administration invested outside Nigeria; where these moneys are invested; and at what rates of interest.

Mr. Creech Jones

Ninety-one native administrations in Nigeria hold investments outside that country, and as most of them have a number of holdings the full list would be unduly long. These investments, which are wholly in United Kingdom, Dominion and Colonial Government or other trustee securities bearing interest at rates ranging from 2½ per cent. upwards, total £1,580,400.