asked the Minister for Overseas Development if he will change the financing of the Commonwealth Development Corporation to a revolving fund basis.

No, Sir. I see no advantage in doing so.

Does the right hon. Gentleman recognise that the present system means that we book as public expenditure in respect of the C.D.C. positive sums when for many years the C.D.D. represents a net gain on public expenditure? Will he look into this matter to see whether an improvement can be made?

It would represent a fundamental change in the structure of the Commonwealth Development Corporation. I have not been convinced by any arguments that this would bring real gains in its train.