§ 52. Brigadier Raynerasked the Chancellor of the Exchequer whether he will give a list of those countries to which the United Kingdom has made interest-free loans; and the amounts involved in each case.
§ Sir S. CrippsI would first refer the hon. and gallant Member to pages 71 and 72 of the Finance Accounts of the United Kingdom for the year 1948–49 (House of Commons Paper No. 189 of 1949), where details are given of certain outstanding loans, free of interest, to Nauru and Ocean Islands, Aden Protectorate, Jamaica, Mauritius, Transjordan, Greece, Gilbert and Ellice Islands, North Borneo and Burma.
In addition the following credits to Poland are free of interest:
(a) Military credit of £47½ million, advanced 1940–45. Repayment terms were left in abeyance. (See Cmd. 7148.)
(b) Civil credit ate. £13 million, advanced 1939–46, of which –10 million is outstanding.
115WThe balance outstanding is repayable over 15 years by equal annual instalments of £666,666 beginning June, 1952. (See Cmd. 7148.)