§
Mr. Barber
The following is a table showing the amounts outstanding at 30th September, 1961, in respect of these debts and the repayment arrangements which have been agreed with the countries and organisations concerned.
35W
| DEBTS OF THE UNITED KINGDOM TO OTHER COUNTRIES AND TO INTERNATIONAL INSTITUTIONS OUTSTANDING AT 30TH SEPTEMBER, 1961 |
|
|
Outstanding at 30.9.61 |
Repayment arrangements |
Rate of Interest per annum |
Ref. |
|
|
|
|
per cent. |
|
| OTHER COUNTRIES |
| Payable in currencies other than sterling |
| U.S.A. |
Lend-Lease Settlement |
$ 522,964,055.97 |
By annual instalments ending 2001 |
2 |
Cmd. 6708 |
| U.S.A. |
Government Loan |
$ 3,314,460,250.87 |
By annual instalments ending 2001 |
2 |
| U.S.A. |
E.C.A. Loan |
$ 321,739,500.00 |
By half-yearly instalments ending 1983 |
2½ |
Cmd. 8126 |
| U.S.A. |
M.S.A. Loan |
$ 47,660,500.00 |
By half-yearly instalments ending 1987 |
2½ |
Cmd. 8504 |
| Canada |
Government Loan |
$C 1,047,369,439.29 |
By annual instalments ending 2001 |
2 |
Cmd. 6904 |
| Belgium |
Debt created on the Liquidation of the European Payments Union |
BFr. 243,533,250 |
Repaid 15.10.61 |
— |
Cmnd. 756 |
| Italy |
Lire 2,100,000,000 |
Repaid 15.10.61 |
— |
Cmnd. 759 |
| Netherlands |
Guilders 8,543,596.50 |
Repaid 15.10.61 |
— |
Cmnd. 764 |
| Sweden |
Kroner 9,547,127.17 |
Repaid 15.10.61 |
— |
Cmnd. 761 |
| Germany |
Dmks. 860,636,175 |
By 9 annual instalments of Dm. 88.2 m., and the balance in 1971. |
3 |
Cmnd. 760 |
| Payable in Sterling |
|
|
£ |
s. |
d. |
|
|
|
| Portugal |
— |
50,173,015 |
2 |
4 |
On demand or by annual instalments ending 1973 |
⅞ |
|
| U.S.A. |
Rhodesian Railways Loan |
1,755,044 |
8 |
3 |
By annual instalments of sterling or the delivery of certain raw materials from Rhodesia ending 1965. A corresponding loan has been made to Rhodesia. |
2½ |
— Cmd. 8396 |
| U.S.A. |
Mombasa and Tanga Ports |
1,766,522 |
- |
- |
By annual instalments ending 1978. A corresponding loan has been made to the East Africa High Commision. |
5 |
Cmd. 8396 |
| India |
Pension Liability |
2,000,000 |
- |
- |
Repayable by 1965 |
— |
|
| Pakistan |
Pension Liability |
4,555,874 |
- |
- |
Variable monthly instalments until 1998 |
— |
Cmd. 7472 |
| Jamaica |
3 per cent. Victory Bonds |
250,000 |
- |
- |
Repayable 1.8.62 |
3 |
Cmd. 7479 |
| INTERNATIONAL INSTITUTIONS |
|
|
|
|
|
|
— |
| International Development Association |
Sterling Interest—free notes |
8,400,000 |
- |
- |
These notes represent part of the United Kingdom's subscription to the International Development Association, and are encashable on demand when sterling is required for the financing of the Association's activities. |
— |
— |
36W37W
| DEBTS OF THE UNITED KINGDOM TO OTHER COUNTRIES AND TO INTERNATIONAL INSTITUTIONS OUTSTANDING AT 30TH SEPTEMBER, 1961 |
|
|
Outstanding at 30.9.61 |
Repayment arrangements |
Rate of Interest per annum |
Ref. |
|
|
|
|
|
|
per cent. |
|
| International Monetary Fund. |
Sterling Interest-free notes |
1,038,625,000 |
- |
- |
These notes are encashable on demand when sterling is required for the financing of the Fund's activities. Approximately £540 million worth of the notes were created as a result of a drawing of foreign currency from the Fund by the United Kingdom in August-September, 1961. Virtually all of this drawing is repayable, in gold or foreign currency, within three to five years from the date of drawing; to date, one repayment has been made, of £100 million on 31st October, 1961, and the amount of outstanding sterling interest-free notes was reduced pro tanto. |
— |
— |
38W