HC Deb 16 December 1964 vol 704 cc100-1W
Mr. Dell

asked the Minister of State for Foreign Affairs what progress Her Majesty's Government have made in meeting the Brazilian Government's request for financial assistance.

Mr. George Thomson

An agreement was signed in Rio de Janeiro on 14th October between Her Majesty's Government and the Brazilian Government, providing for a loan of up to £4,160,000 for the re-financing of certain maturities falling due in 1964 and 1965 in respect of United Kingdom commercial suppliers' medium-term credits. The first payment under the agreement is expected to be made before the end of this year. The necessary Supplementary Estimate will be presented in due course. In the meantime, any urgent expenditure will be met by an advance from the Civil Contingencies Fund.