§ 20. Mr. Henry Clarkasked the Minister of Overseas Development what amount of revenue he estimates will be lost to the Exchequer over the next five years by the policy of granting interest-free loans to developing countries rather than charging interest at an economic rate.
§ Mr. BottomleyIt is not possible to give a definite Answer to this Question, since it would depend on a series of variants, such as the waivers of interest which might have been granted had there been no interest-free terms. It would also118W depend on the dates on which drawings from loans will be made and on the interest ruling at the time of drawing.