HC Deb 16 December 1966 vol 738 c168W
Mr. Dalyell

asked the Chancellor of the Exchequer whether the annual repayment of capital and payment of interest on the post-war loans from the United States of America and Canada will be made as usual this year.

Mr. Callaghan

Yes. In 1964 and 1965 the service of these loans was postponed, under the terms of the financial agreements of March, 1957. I am glad to say that the improvement in the balance of payments and in the strength of sterling enables the annual payments to be made in full this year. The amounts in question are U.S.$147.8 million (£52.8 million), and Can.$40.4 million (£13.3 million).