§ Mr. James Johnsonasked the Minister of Overseas Development if she will report on the position regarding the maintenance of value payments due in respect of the United Kingdom contributions for the first three replenishments of the resources of the International Development Association.
§ Mrs. HartThe maintenance of value obligations accepted by the United Kingdom in the arrangements for the replenishment, under the authority of the Overseas Aid Act 1968 and statutory orders made under it, are being met by the deposit of non-negotiable non-interest-bearing notes, additional to those originally deposited for our contributions. A deposit of notes is being made for £10,914,961.98 which is based on the disbursements actually made by the association from our contributions during the period 1st July 1973 to 31st December 1974.