§ Mr. Osborneasked the Chancellor of the Exchequer what loans, gifts, and other economic aids have been received by the United Kingdom from abroad since July, 1945, in date order, with amounts; from what countries; and which are repayable, and when.
§ Mr. P. ThorneycroftThe following table gives the required information: 129W
130W
LOANS, GIFTS AND OTHER ECONOMIC AID RECEIVED BY THE U.K. GOVERNMENT FROM OTHER COUNTRIES, JULY, 1945 TO OCTOBER, 1957 £ million Country Item Classified as:— 1945 (Second half) 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 (1st January to 31st October) Amount Repaid Amount Outstanding at 31st October To be Repaid by:— U.S.A. Lend/Lease Settlement(a) Loan 154 — — — — — — — — — — — — 23 197 2000 Portugal — Loan 61 — — — — — — — — — — — — 14(b) 72(b) — Various(c) Wartime assistance Loans 2 — — — — — — — — — — — — — — — U.S.A. Line of Credit Loan — 149 707 74 — — — — — — — — — 100 1,239 2007 Canada Line of Credit Loan — 130 105 13 33 16 — — — — — — — 40 409 2007 Australia — Grant — — 20 — 16 — — — — — — — — — — — New Zealand — Grant — — 10 — — — — — — — — — — — — — India Capital value of payments due to India and Pakistan under the Pension Annuities Schemes of 1948. Loan — — — 168 — — — — — — — — — 51 117(d) 1965 (Approx.) Pakistan Loan — — — 8 — — — — — — — — — 3 5 1979 (Approx.) S. Africa Gold loan Loan — — — 80 — — — — — — — — — 80 Nil — U.S.A. European Recovery Programme Grant — — — 149 255 248 58 — — — — — — — — — U.S.A. European Recovery Programme Loan — — — 20 57 4 5 — — — — — — 1 120 1983 Belgium Drawing rights under the Intra-European Payments Agreement. Grant — — — 6 12 −4 — — — — — — — — — — Belgium I.E.P.A. Loan — — — — 1 1 — — — — — — — 2 Nil — U.S.A. Defence Aid Grant — — — — — — 4 126 109 55 47 26 21 — — — U.S.A. Katz-Gaitskell Agreement Grant — — — — — — 14 19 — — — — — — — — Belgium Draper Plan Loan — — — — — — — 9 — — — — — 9 Nil — U.S.A. Defence Aid Loan — — — — — — — 17 — — — — — — 17 1987 U.S.A. Benton-Moody Amendment Grant — — — — — — — — 3 — — — — — — — Canada Mutual Aid Grant — — — — — — — — 2 — — — — — — — U.S.A. Export-Import Bank Line of Credit Loan — — — — — — — — — — — — 89 — 89 1965 NOTE: Transactions with international organisations have been excluded. Of these the (c) Netherlands 0.128 Ceylon 0.054 Cyprus 0.152 N. Rhodesia 0.174 principal outstanding is the drawing of £201 million made in 1956 from the International Monetary Palestine 0.032 E. Africa 1.059 Aden 0.225 Nyasaland 0.002 Fund. Gold Coast 0.009 Fiji 0.046 Kenya 0.354 2.349 (a) Settlement of Lend/Lease and Reciprocal Aid, covering the financial claims of each Govern- Tanganyika 0.099 St. Helena 0.002 Nigeria 0.013 ment against the other arising out of the conduct of the war; hence the total of £154 million covers goods received during the war period, and it is not possible accurately to separate the Most of these loans have been repaid. amount properly applying to the second half of 1945. (d) Of which approximately £29 million is to be repaid to the Indian Government, and the a (b) As at 31st March, 1957. remainder used to finance pension payments by the United Kingdom Government.