§ Mrs. ClwydTo ask the Secretary of State for Foreign and Commonwealth Affairs why the outstanding debt on the Wickams Cay and Anegada loans to the British Virgin Islands was remitted, as recorded in the appropriation accounts 1990–91, vol. 1, class I, page 18; what was the nature of the projects funded by the loans; and if he will make a statement.
§ Mrs. ChalkerLoans were made to the BVI Government in 1971 to repurchase lands sold to developers. That Government's intention was to use the lands to generate revenue from tourism. It has never proved possible to generate the income from which the Government of BVI could have been expected to service the loans and it was not regarded as appropriate to press for repayment from general revenues.