Anglo-American Mutual Defence Assistance Agreement

HL Deb 07 November 1995 vol 566 c205WA

Lord Kennet

asked Her Majesty's Government:

What have been the amounts of the monies paid or owed by either party to the other under the Anglo-American Mutual Defence Agreement of 1950, including the "administration expenditures".

Earl Howe

Since the first accounts were opened in 1958/59 to record the receipts of sales of equipment supplied under the Anglo-American Mutual Defence Assistance Agreement of 1950, total receipts have been £7,746,105, and total payments £7,164,664. "Administrative expenditures" are estimated to be in the order of £860,700. Neither party owes any amounts to the other.