§ 64. Mr. Warbeyasked the Secretary of State for Commonwealth Relations what financial assistance Her Majesty's Government have provided to Ceylon during each of the past four years in the form of grants and loans, respectively; what assistance they are providing during the current year; and what proposals he has to increase the provision.
§ Mr. TilneyA loan of £2½ million was made available in 1961 under Section 3 of the Export Guarantees Act for the purchase of telephone equipment. £25,000 was drawn in 1961–62 and £900,000 in 1962–63. It is estimated that the balance of approximately £1½ million will be drawn in the current year. In addition, technical assistance has been given as follows: 1959–60 £89,000, 1960–61 £68,000, 1961–62 £81,000, and 1962–63 £106,000. It is estimated that it will rise to about £130,000 in 1963–64. No other increases are at present contemplated.