§ Mr. Alan SimpsonTo ask the President of the Board of Trade what discussion have taken place with the Indonesian Government about payments for arms sold to them with British Government support in relation to the devaluation of their currency; and what assessment he has made of the likely cost to public funds of export credit guarantees needed to cover the agreed purchase price. [25132]
§ Mrs. RocheNo discussions have currently taken place. The Indonesian Government have not indicated that they will not continue to make payments in respect of defence contracts/loans at due date. Payments are due in Sterling or other hard currencies. Consequently there are no rupiah payments which would result in an exchange loss to ECGD.