§ Mr. George Cunninghamasked Secretary of State for Foreign and
1971 1971–72 Average Average rate of rate of Loans Commitment interest Commitment interest £ millions Per cent. £ millions Per cent. Interest free … … … … … 89.3 Nil 99.8 Nil Interest bearing … … … … … 42.3 2.62 36.9 2.91 Terms not yet settled … … … … 2.4 — 2.4 — All loans … … … … … … 134.0 0.83 139.1 0.77 These figures include bilateral and multilateral aid but not Exchequer advances to the Commonwealth Development Corporation which were £15.15 million in 1971 and £14 million in 1971–72. Interest on CDC loans was at the Exchequer lending rate at the time of issue to the Corporation; it averaged between 7 per cent. and 8 per cent. Interest bearing loans in 1971 and 1971–72 were provided to Kenya, Turkey, Nigeria, Ecuador, Ghana, Guyana, Gibraltar and Fiji.