§ 110. Dr. Brayasked the Chancellor of the Exchequer how much of the sum reserved for loans to under-developed countries to purchase capital goods from under-employed British industries has been taken up; what burden he estimates this has placed on imports; and whether he will take further action to use capacity still under-employed.
§ Mr. Maurice MacmillanI originally estimated that an additional £10 million worth of aid to developing countries might be provided from the products of industries with spare capacity. In fact, loan agreements with overseas Governments for a sum considerably in excess of this have been signed, and one or two further proposals are still the subject of negotiations. It is not possible to estimate 171W the import content of this additional aid. We shall continue to take spare industrial capacity into account both in planning our aid programme and in considering particular proposals.