HC Deb 14 November 1966 vol 736 cc26-7W
Mr. Wall

asked the Chancellor of the Exchequer what is the total value of guarantees to the World Bank or other institutions or countries contracted by Rhodesia which Great Britain has guaranteed.

Mr. Diamond

Her Majesty's Government is guarantor of payments of principal and interest to the World Bank for loans of which £22,755,357 principal was outstanding on 30th September, 1966, and of which the Rhodesian Government is either guarantor or borrower. Her Majesty's Government has not guaranteed any other loans in respect of Rhodesia.

Mr. Wall

asked the Chancellor of the Exchequer what has been the cost of servicing Rhodesian loans, or other commitments guaranteed by Her Majesty's Government, since the Rhodesian Unilateral Declaration of Independence.

Mr. Diamond

Since the Unilateral Declaration of Independence, £1,854,860 has been paid by Her Majesty's Government, as guarantor of the service of loans to Rhodesia.