HC Deb 16 January 1976 vol 903 cc271-2W
Mr. Newens

asked the Chancellor of the Exchequer if he intends to renegotiate the Chilean debt to Great Britain at the forthcoming meeting of the Club of Paris; and if he will make a statement.

Mr. Dell

We are informed that the Chilean Government have no present intention of asking their creditors to reschedule debts falling due for payment in 1976. I should make it clear, however, that Her Majesty's Government remain unwilling to consider requests for debt rescheduling while Chile maintains her present attitude to human rights.

Mr. Newens

asked the Chancellor of the Exchequer if he will publish in the Official Report a list of repayments due on Chilean debts to Great Britain on which Chile has defaulted and the total amount outstanding.

Mr. Dell

Except for debts which matured in 1975 Chile's debts already due for payment to the United Kingdom are the subject of rescheduling agreements, under which her payments are up to date. The total amount outstanding on debts falling due for payment in 1975 is approximately £11 million. At 1st January 1976 Chile's total outstanding debt to us was estimated at £100–105 million.