§ Mr. Marlowasked the Lord Privy Seal how the pre-EEC entry payment to Portugal will be effected; and what are the financial implications for the United Kingdom.
§ Mr. HurdThe aid consists of a 150 mua EIB loan and a 125 mua grant from the Community budget. Disbursement of the loan will follow EIB rules. The grant will be spent over the period up to accession on projects jointly agreed between the Community and Portugal. The United Kingdom contribution to the grant will be determined by our share of the Community budget at the time.