HC Deb 19 March 1951 vol 485 c246W
18. Colonel Crosthwaite-Eyre

asked the Chancellor of the Exchequer whether the sums due under Article 1 (b) of the Anglo-Yugoslav Financial Agreement of 11th January, 1951, are payable only in sterling.

Mr. Jay

Yes.

19. Colonel Crosthwaite-Eyre

asked the Chancellor of the Exchequer at what date or dates the interest of 4½ per cent. on notes endorsed by the Export Credit Guarantees Department are payable by the Yugoslav Government under Article 1 (c) of the Anglo-Yugoslav Financial Agreement of 11th January, 1951.

Mr. Jay

Interest is payable on the dates of maturity of the Notes, which are to become payable as follows:

  • £300,000 on 30th June, 1956.
  • £300,000 on 31st December, 1956.
  • £350,000 on 30th June, 1957.
  • £350,000 on 31st December, 1957.
  • £350,000 on 30th June, 1958.
  • £350,000 on 31st December, 1958.

These and the other conditions attaching to the guarantee and purchase, by the Export Credits Guarantee Department, of the Promissory Notes of the Yugoslav Government are set out in the Exchange of Notes of 11th January, published as Cmd. 8172.