§ Mr. Kenneth Bakerasked the Chancellor of the Exchequer what amounts of capital and interest, respectively, are due to be paid on each currently outstanding loan to the United Kingdom Government, including those from the International Monetary Fund, in each of the years 1970 to 1975, inclusive, and thereafter.
§ Mr. TaverneFollowing is the information.
£ million at $2.40 1970 Capital Interest U.S. Line of Credit … 27 27 Lend Lease … 4 4 ECA … 5 3 MSA … 1 — Ex-Im Bank† … 43 11 Canadian Credit … 8 8 Germany EPU … 10 1 Deutsche Bundesbank … — 1 Offset Agreement … — 2 Portugal … 5 — IMF* … 83 —
1971 Capital Interest U.S. Line of Credit … 27 27 Lend Lease … 4 4 ECA … 6 3 MSA … 1 — Ex-Im Bank† … 43 8 Canadian Credit … 8 8 Germany EPU … 8 — Deutsche Bundesbank … — 1 Offset Agreement … — 2 Portugal … 5 — IMF* … 583 — 128W
1972 Capital Interest U.S. Line of Credit … 28 26 Lend Lease … 4 4 ECA … 6 2 MSA … 1 — Ex-Im Bank† … 43 6 Canadian Credit … 8 8 Germany EPU … — — Deutsche Bundesbank … 21 1 Offset Agreement … — 2 Portugal … 5 — IMF* … 354 —
£ million at $2.40 Capital Interest U.S. Line of Credit … 29 26 Lend Lease … 5 4 ECA … 6 2 MSA … 1 — Ex-Im Bank† … 40 4 Canadian Credit … 8 8 Germany EPU … — — Deutsche Bundesbank … — — Offset Agreement … — 2 Portugal … 3 — IMF* … 63 —
1974 Capital Interest U.S. Line of Credit … 29 25 Lend Lease … 5 4 ECA … 6 2 MSA … 1 — Ex-Im Bank† … 33 3 Canadian Credit … 8 7 Germany EPU … — — Deutsche Bundesbank … — — Offset Agreement … — 2 Portugal … — — IMF* … — —
1975 Capital Interest U.S. Line of Credit … 30 25 Lend Lease … 5 4 ECA … 7 2 MSA … 1 — Ex-Im Bank† … 21 1 Canadian Credit … 9 7 Germany EPU … — — Deutsche Bundesbank … — — Offset Agreement … — 2 Portugal … — — IMF* … — —
Payments due after 1975 Capital Interest U.S. Line of Credit … 1,066 399 Lend Lease … 166 80 ECA … 67 7 MSA … 11 4 Ex-Im Bank† … 8 — Canadian Credit … 312 252 Germany EPU … — — Deutsche Bundesbank … — — Offset Agreement … 52 6 Portugal … — — IMF* … — — Notes: (1) This table excludes central bank transactions. (2) Small repayments of not more than £0.5 million in any year due under two sterling loans to the U.K. are excluded. * These figures of capital repayments relate to the formal date on which repayment is due. The amount to be paid in charges depends on the date of repayment and purchases of sterling from the Fund by other countries. The amounts due cannot therefore be calculated precisely in advance. The method of calculating these charges is explained in "International Financial Statistics", a copy of which is available in the House of Commons Library. † Excludes repayments on agreed future drawings.