HC Deb 08 April 1970 vol 799 cc81-3W
Mr. Alison

asked the Chancellor of the Exchequer (1) what was the total of external loans to the United Kingdom Government, including drawings from the International Monetary Fund, outstanding on 30th June, 1945, 25th October, 1951, 15th October, 1958, 8th October, 1959, 15th October, 1964, 15th October, 1969 and the latest available date; how much of the total was denominated or guaranteed in gold or

LOANS TO THE U.K. GOVERNMENT INCLUDING I.M.F. DRAWINGS
£ million Per head
Totals outstanding on— £
30th June, 1945 303 6
25th October, 1951 2,498 50
15th October, 1958 2,275 44
8th October, 1959 2,283 44
15th October, 1964 1,852 34
15th October, 1969 3,419 62
31st March, 1970 3,255 59
£ million
25th October, 1951 15th October, 1964 31st March, 1970
Totals outstanding on—
Loan Agreement
U.S.: Line of Credit 1,339 1,125 1,236
Lend Lease 216 177 193
E.C.A. 120 108 103
M.S.A. 17 17
Ex-Im. Bank 231
Mombasa and Tanga Ports 2 1
Canada: Line of Credit 393 329 361
Interest Free Loan 79
European Payments Union 53 18
Deutsche Bundesbank 23
German Offset Agreement 52
Portugal 81 37 17
Pakistan (Pension Annuities) 7 4 3
East Africa 4
Ceylon Rupee Loans 5
India (Pensions and Railway Annuities) 154
Other 5
International Monetary Fund 95 1,000
2,498 1,852 3,255

All (the loans in the table above, with the exception of those from Pakistan, East Africa, Ceylon, U.S.A. (Mombasa and Tanga Ports) and India, are denominated or guaranteed in gold or foreign currency.

foreign currency; and what the total represented per head of population;

(2) what were the amounts outstanding on each inter-government loan to the United Kingdom Government and United Kingdom Government and United Kingdom drawing from the International Monetary Fund on 30th June, 1945, 25th October, 1951, 15th October, 1964, and the latest available date;

(3) if he will state the amount of capital and interest, respectively, paid in the periods 30th June, 1945 to 26th October, 1951, 27th October, 1951, to 15th October, 1964, and 16th October, 1964 to 31st December, 1969, on each separate inter-government loan to the United Kingdom or United Kingdom drawing from the International Monetary Fund outstanding during any part of these periods.

Mr. William Rodgers

The information is giver below.

EXTERNAL LOANS TO THE UNITED KINGDOM GOVERNMENT
£ million
Repayments of Capital and Interest during
30th June, 1945 to 26th October, 1951 27th October, 1951 to 15th October, 1964 16th October, 1964 to 31st December, 1969
Capital Interest Capital Interest Capital Interest
U.S.: Line of Credit 214 280 72 88
Lend Lease 11 39 45 19 13
E.C.A 12 35 21 15
Export—Import Bank 89 8 89 26
Mombasa and Tanga Ports 1 1
Canada: Line of Credit 63 83 21 26
Interest Free Loan * * 79
Dept established on liquidation of European Payments Unions:
Austria 3
Belgium 24 1
Denmark
Greece
Germany 46 13 38
Italy 7
Netherlands 21
Sweden 9
Switzerland 7
Switzerland (1961 loan) 18 1
Swiss Bank Consortium 43 2
Bank for International Settlements 104 6
Swiss Parallel Loan 42 5
Portugal 5 3 44 5 19 1
Pakistan (Pension Annuities) 1 3 1 10
East Africa 8 * 4
Ceylon Rupee Loans * * 5
India (Pensions and Railway Annuities) 20 4 154 1
Deutsche Bundesbank 2
Offset Agreement
Other:
I.M.F. 1947 1 60
1948 15
1956 200 11
1961 536
1964 357
1965 500 83
1966 44
1968
1969
* Not available.

These tables do not include central bank transactions.

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