§ Mr. Oramasked the Chancellor of the Exchequer if he will break down the figures of £92 millions and £6 millions, given in the Sixth Annual Report of the Colombo Plan, as the sums made available by the United Kingdom Government under the plan, for the full period and for last year, respectively, so as to show separately the amounts of grants, loans, credits and technical assistance; and whether he will state the rates of interest where applicable.
§ Mr. P. ThorneycroftThe information is as follows:
— Cumulative total for full period 1956–57 only £m. £m. Grants: Technical Assistance 2.58 0.76 Colonial Development and Welfare grants 9.60 1.15 Other Exchequer grants 24.38 1.06 Loans: Malaya War Damage Loan 14.00 — Colonial Development Corporation investment 10.86 0.51 *Releases authorised from United Kingdom subscription to International Bank 20.20 2.26 Credits: Pakistan Credit (1953) 10.00 — 91.62 (£92m.) 5.74 (£6m.) * The loans are made by the International Bank which calls up the United Kingdom subscription as necessary to finance that part of the loan which is covered by the United Kingdom release. The Malaya War Damage loan is interest free; the rates of interest on the Colonial Development Corporation loans vary according to the date and circumstances of the individual transactions; on the Pakistan credit the rate is 4 per cent.