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European Investment Bank

Volume 867: debated on Tuesday 15 January 1974

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asked the Chancellor of the Exchequer on what dates Her Majesty's Government are due to pay the remaining £30 million paid-up capital to the European Investment Bank and the remaining £16 million to the reserves of the same bank.

The balance of the United Kingdom's contribution to the capital of the European Investment Bank is £22,500,000, which will be paid in three instalments of £7,500,000 each on 30th April 1974, 30th November 1974 and 30th June 1975. The outstanding contribution to reserves is about £12 million which will be paid in three instalments of about £4 million on the same dates.