§ 41. Mr. Hordernasked the Chancellor of the Exchequer if he will publish an up-to-date table listing all details of United Kingdom external debts, together with a timetable of redemption; and why, in view of the practice before 1964, it is not now customary to publish debts incurred under central bank transactions.
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§ Mr. Roy JenkinsI am circulating in the OFFICIAL REPORT details of outstanding external loans to the United Kingdom, apart from central bank assistance. The latter has not been published in
EXTERNAL LOANS TO THE UNITED KINGDOM OUTSTANDING AT 31ST DECEMBER, 1969 £ million Loan Agreement Date Sterling value at date of Agreement Rate of interest (per cent.) Period of repayment Repayments to date Capital outstanding 31.12.69 at current sterling value Capital Interest U.S. Line of Credit 1945 931 2 1951–2004 288 468 1,236 Lend Lease 1945 161 2 1951–2004 58 58 193 ECA 1948 86 2½ 1956–1983 33 50 103 MSA 1952 17 2½ 1960–1987 3 6 17 Ex-in Bank 1966–69 333 4¾ 1976 89 26 273(1) Canadian Credit 1946 297 2 1951–2004 90 116 361 Germany EPU 1959 96 3 1959–1971 89 19 18 Deutsche Bundesbank 1968 21 5¾ 1972 — 2 23 Offset Agreement 1969 52 3½ 1969–1979 — — 52 Portugal 1945 61 ⅞ 1955–1973 73 12 17 Pakistan (Pension Annuities) 1947 8 1 1948–1998 5 1 3 U.S. (Mombasa and Tanga Ports) 1953 2 5 1956–1978 1 1 1 International Monetary Fund: 1965 500 † 1974 416* † 1,104 1968 583 † 1969 208 † 1969 146 † (1)Amount outstanding includes agreed future drawings. †No interest payments are made to the IMF. Charges paid since 1965 are as follows: £ million 1965 4.3 1966 14.2 1967 17.5 1968 18.1 1969 29.1 83.2 The eventual total of future charges depends on when repayment is made; the method of calculating such charges is explained in "International Financial Statistics," a copy of which is available in the House of Commons Library. * Including sterling drawings by foreign countries in addition to U.K. repurchases.
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CAPITAL REPAYMENTS ON LOANS 1970–2004—EXCLUDING IMF £ million 1970 … 103 1989 … 57 1971 … 103 1990 … 58 1972 … 121 1991 … 59 1973 … 98 1992 … 61 1974 … 88 1993 … 61 1975 … 79 1994 … 63 1976 … 76 1995 … 64 1977 … 58 1996 … 65 1978 … 57 1997 … 66 1979 … 107* 1998 … 68 1980 … 57 1999 … 69 1981 … 59 2000 … 70 1982 … 60 2001 … 29 1983 … 60 2002 … 35 1984 … 53 2003 … 35 1985 … 54 2004 … 38 1986 … 55 1987 … 56 TOTAL … 2,297 1988 … 55 *Amount to be repaid includes £52 million for the Offset Agreement which is due for repayment by 1979. recent years because of the problem of distinguishing between assistance and other central bank transactions, and for market reasons.
Following is the information: