§ Mr. Bruce-Gardyneasked the Chancellor of the Exchequer if he will publish in the OFFICIAL REPORT a table showing the schedule of repayments of capital and of interest payments on foreign currency loans contracted by local authorities and the nationalised industries since 1st January 1972.
§ Mr. NottRepayments of principal on loans raised in foreign currency for domestic purposes since 1st January 1972 are due as follows :
US $ million 1978 499 1979 642 1980 577 1981 459 1982 213 1983 169 1984 9 1985 9 1986 9 1987 11 1988 12 It is not possible to estimate precisely the amounts payable in interest since a large part of the borrowing is on floating rate terms. At present rates, interest payments in the first five years would amount to some $200 million a year.