§ Sir C. Osborneasked the Chancellor of the Exchequer what was the total loan borrowed in 1947 from Canada and the United States of America in terms of sterling; how much interest and capital has been repaid; on what occasions the United Kingdom has defaulted; and how much still remains to be repaid after the devaluation of 1949 from 4.03 to 2.80, and the devaluation of 1968 from 2.80 to 2.40.
§ Mr. Roy Jenkins£812 million. Only part of the loans in question were borrowed in 1947, but for the total outstanding and repaid I would refer the hon. Gentleman to the Answer I gave to the hon. Member for Harwich (Mr. Ridsdale) on 27th February. There has been no default.—[Vol. 759, c. 287–8]