§ 38. Mr. Ridsdaleasked the Chancellor of the Exchequer, what has been the amount of Government borrowing abroad 287W since October, 1964, based on the current value of the £ sterling; and how much of this has been repaid to date.
£ million Loan Date Amount of loan(at the Value of£ sterling current at date of loan) Amount repaid up to27th February,1968 Value of outstanding amount(at current value of £ sterling) I.M.F. December, 1964 … 357 357* — Parallel Swiss Loan December, 1964 … 28 28* — I M.F. May, 1965 … 500 — 583 Parallel Swiss Loan May, 1965 … 14 — 17 I M.F. March, 1966 … 44 — 51 United States Export-Import Bank credit (Military Aircraft Loans) April, 1966 … 19 4 17 June, 1966 … 12 3 11 August, 1966 … 66 6 71 July, 1967 … 42 — 46 Swiss bank consortium October, 1967 … 37 — 43 Bank for International Settlements November, 1967 … 104 — 104 TOTAL … 1,223 943 *Repaid in full.
§ 39. Mr. Ridsdaleasked the Chancellor of the Exchequer, what was the amount of Government borrowing abroad between 1945 and 1951; how much of this has been repaid to date; and what
£million Amount of loan (at the value of £ sterling current at date of loan) Repaid to date(calculated at £ sterling value current at time of repayment) Value of outstanding amount(at current value of £streling) Portugal November, 1945 … 61 62 28 United States Line of Credit December, 1945 … 931 261 1,262 United States Lend-Lease December, 1945 … 161* 58 197 Canadian Credit March, 1946 … 297 77 369 South Africa October, 1947 … 80 80† — United States Economic Co-operation Administration October, 1948 … 86 23 113 Belgium September, 1949 … 1 1‡ — TOTAL … 1,617 1,969 *By the Agreement of 13th July, 1948 (Cmnd. 7515) the amount due was adjusted downwards by ¢ 7 million. † Repaid September, 1949. ‡ Repaid by June 1951.