§ Mr. ElletsonTo ask the President of the Board of Trade if he will make a statement about the soft loan which the United Kingdom is making to Malaysia to help pay for the international airport near Kuala Lumpur.
§ Mr. Lennox-BoydI have been asked to reply.
316WWe have told the Malaysian Government that we are setting aside a sum of up to £42 million of grant finance from the aid and trade provision budget to be used in association with export credits for contracts which may be awarded to British companies of up to £120 million worth of United Kingdom goods and services for the planned new international airport outside Kuala Lumpur. A firm financial commitment to support the project is subject to completion of the Overseas Development Administration's and the Export Credits Guarantee Department's usual appraisal procedures and to consulting OECD partners in accordance with the recent international agreement in the use of tied aid credits.