U.S.A. (Loans and Gifts)

HC Deb 02 May 1950 vol 474 cc171-2W

52. Mr. C. S. Taylor

asked the Chancellor of the Exchequer how much we have received from the United States of America by way of loan and gift respectively since the conclusion of hostilities.

Sir S. Cripps

Up to 31st March, 1950, the U.K. received from the U.S.A. $4,073 million and $1,705 million by way of loan and gift respectively. The first figure includes $323 million notified by E.C.A. as loan, but excludes the Lend-Lease Settlement. The second figure is the grant element in E.R.P.