§ 65. Sir T. Beamishasked the Secretary of State for Defence if he will publish in the OFFICIAL REPORT figures showing the date and amount of each repayment of capital and interest, shown 167W separately, in respect of loans from the United States of America for the purchase of defence equipment, including cancellation charges, and the date and amount of each planned repayment of capital and interest on these loans.
§ Mr. HealeyUnder the terms of the loan agreements for the purchase of military aircraft each amount drawn is repayable in fourteen equal half-yearly instalments. Interest is payable half yearly on the balance outstanding. Repayments of capital and interest payments are made at the end of June and end of December. The actual and future repayments of capital drawn up to 31st December, 1968, and the payments of interest on these sums are as follows:
£million Principal Interest 30th June, 1966 … — 0.2 31st December, 1966 … 2.2 0.7 30th June, 1967 … 2.2 1.7 31st December, 1967 … 8.1 2.6 30th June, 1968 … 8.1 4.3 31st December, 1968 … *15.3 5.3 30th June, 1969 … 14.0 4.8 31st December, 1969 … 16.9 4.5 30th June, 1970 … 16.9 4.1 31st December, 1970 … 16.9 3.7 30th June, 1971 … 16.9 3.3 31st December, 1971 … 16.9 2.9 30th June, 1972 … 16.9 2.5 31st December, 1972 … 16.9 2.1 30th June, 1973 … 16.9 1.7 31st December, 1973 … 14.3 1.3 30th June, 1974 … 14.3 1.0 31st December, 1974 … 9.3 0.7 30th June, 1975 … 9.3 0.4 31st December, 1975 … 2.9 0.1 30th June, 1976 … 2.8 0.1 * In addition £18 million was paid on 2nd January, 1969, in repayment of the outstanding sum drawn for payments for the F.111 aircraft.