§ Rear-Admiral Morgan-Gilesasked the Secretary of State for Defence what is the total sum now owing to the United States Government for aircraft, including spares and equipment purchased since October 1964; over what period this sum is repayable; and on what terms.
§ Mr. John MorrisThe sum still outstanding on amounts borrowed up to 30th April, 1969, is £237 million. Each amount drawn under the credit agreements is repayable in fourteen equal half-yearly instalments. Interest is payable every six months on the amount outstanding. The rate of interest applicable to the sum outstanding on 30th April, 1969, is 4¾ per cent.