Phantom and C130 Aircraft (Credit Facilities)

HC Deb 02 November 1965 vol 718 cc150-1W

Mr. Dell

asked the Secretary of State for Defence what credit terms have been arranged to cover the purchase of Phantom and C130 aircraft.

Mr. Healey

As I indicated in my reply to the hon. Member on 11th February, 1965, our arrangements with the United States Government provide for credit facilities to be made available at an interest rate of 4¾ per cent. to cover dollar costs of purchases of these aircraft.