§ Mr. Richardasked the Chancellor of the Exchequer whether he will make a statement about the guaranteed payment of interest due on loans from the International Bank for Reconstruction and Development to Southern Rhodesia.
§ Mr. CallaghanPayments amounting to £535,000 were due yesterday in respect of two loans made by the International Bank for Reconstruction and Development—one to the Government of Southern Rhodesia and one to the Federation of Rhodesia and Nyasaland of which half is the responsibility of Southern Rhodesia. The International Bank has not received these payments; and as Her Majesty's Treasury is the guarantor of the loans I have authorised the payment of the required amount to the International Bank from the Consolidated Fund. This will be recovered from the Government of Southern Rhodesia when constitutional government is restored.