§ Mr. Spearingasked the Minister for Overseas Development what steps are open to Her Majesty's Government to compensate recipients for the fall in the value of the aid programme due to changes in sterling exchange rates.
§ Mr. PrenticeTo the extent that aid funds are used for the purchase in the United Kingdom of goods and services, no compensation is necessary. In other cases, such as local costs, allowance is usually made during the preparation of a project for increased costs and contingent liabilities. Where specific sums have been pledged in currencies other than sterling, our subscription is maintained at the agreed level.