§ 74. Sir W. Smithersasked the Chancellor of the Exchequer if he will give details and state the total amount of Governmental loans to foreign countries at the latest available date; and how much of the amount owing to Britain has increased owing to devaluation.
§ Mr. GaitskellThe total amount at 1st November, 1950, was £328 million. I will, with permission, circulate the 35W details in the OFFICIAL REPORT. These loans are expressed in sterling, and de-
36W
LOANS BY HIS MAJESTY'S GOVERNMENT OUTSTANDING ON 1ST NOVEMBER, 1950 — Amount outstanding Interest rate Terms of repayment £'000 Per cent. CHINA— Agreement of 2nd May, 1944, on Financial Aid for war purposes. 8,128 — Question of repayment in abeyance. Agreement of 5th June, 1941, for £5 million Loan for National purposes. 4,109 3½ Repayable by annuities ending April, 1961. Instalments due April and October, 1950, not received. FRANCE— Anglo-French Financial Agreement of 3rd December, 1946 (Cmd. 6988). 92,515 ½ Repayable by annuities ending September, 1961. NETHERLANDS— Agreement of 11th March, 1948, on war-time Debts (Cmd. 7358). 40,699 ½ Repayable by annuities ending February, 1968. POLAND— Agreement of 24th June, 1946, on outstanding Financial Questions (Cmd. 7148). 10,000 — Repayable by 15 annual instalments—the first payment to be made in June, 1952. Agreement of 24th June, 1946, on outstanding Financial Questions (Cmd. 7148). 47,500 — Question of repayment in abeyance TURKEY— Anglo - Franco - Turkish Treaty of Mutual Assistance, 19th October, 1939 (Cmd. 6165). 27,338 4 Repayable by annuities ending December, 1966. U.S.S.R. Agreement of 27th December, 1947 (Cmd. 7297). 36,785 ½ Each advance repayable by 12 equal annual instalments—the first due at the end of the fourth year from the date on which the advance was made. CZECHO-SLOVAKIA— Agreement of 28th September, 1949, for settlement of Inter-Governmental Debts (Cmd. 7798). 19,747 1 Repayable by instalments from January 1954, to July, 1965. Agreement of 14th December 1946, for Surplus Stores (Cmd. 7085). 1,247 ½ Repayable on 1st January, 1951. Agreement of 15th August, 1945, for purchase of goods in the United Kingdom 3,136 2¼ Repayable by annuities ending in July, 1953. JORDAN— Loan for certain development projects in connection with the resettlement of Arab refugees. 500 Free of interest. Repayable by 15 annual instalments, 1956–1970 GREECE— Loan for stabilisation of Greek Currency (Cmd. 6733). 10,000 Do. Repayable by 10 annual instalments, 1951–1960. BURMA— Loan for purchase of civilian supplies, reconstruction of industries, etc. (Cmd. 7240). 26,712 Do. Repayable by 20 annual instalments, 1952–1971. 328,416 valuation has, therefore, had no effect on their amount.