§ Sir C. Osborneasked the Chancellor of the Exchequer on what terms the German Government have agreed to finance the £8,800,000-worth of British capital exports in connection with the Mantaro hydro-electric project in Peru; and if he will make a statement.
§ Mr. DiamondI would refer the hon. Member to my reply of 18th March. The effect of the German offer is that part of U.K. exports in the Mantaro project 281W would be paid for in cash. The detailed terms are a matter for the German and Peruvian authorities and, I understand, are at present being negotiated in Lima.