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Canadian Credit

Volume 485: debated on Tuesday 6 March 1951

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54.

asked the Chancellor of the Exchequer when the dollar loan from Canada is repayable; how much it amounts to; and what provisions he is making for repayment on the due date.

I assume that the hon. Member is referring to the Canadian credit which was the subject of my statement to the House on 20th February. The amount is 1,185 million dollars repayable in 50 annual instalments beginning on 31st December, 1951. As regards the last part of the Question, I cannot anticipate my Budget statement.