asked the Chancellor of the Exchequer what have been the total United Kingdom payments to the EEC since joining; what has been received from the EEC in the same period; and if he will list the grants or loans which have been made.
pursuant to his reply [Official Report, 30th November 1978], gave the following information:Total payments to the European Communities by the United Kingdom from 1st January 1973 to 30th September 1978 have been as follows:
£million | |
Payments to the Community Budget | 2,924·1 |
EIB Capital Contributions | 77·4 |
EGSC Capital Contributions | 23·8 |
ECSC Production Levies† | 55·3 |
†ECSC production levies are paid direct by coal and steel producers. |
£million | |
European Agricultural Guidance and Guarantee Fund (EAGGF)— Guarantee Section | 1,071·4 |
EAGGF—Guidance Section | 66·3 |
Social Fund | 134·1 |
Regional Development Fund | 112·1 |
Other | 271·8 |
Total | 1,655·7 |
Between 1st January 1973 and 30th September 1978, the United Kingdom received loans from the European Investment Bank totalling £1,006 million. Details are as follows: | |||||
EUROPEAN INVESTMENT BANK LOANS | |||||
Borrower
| Amount£million
| Repayment period years
| Interest rate Per cent.
| Project
| |
1973 | Industrial and Commercial Finance Corporation | 2·5 | 14 | 7¾ | For on-lending to small and medium-sized firms in the development areas. |
1·0 | 9 | 7⅜ | |||
British Steel Corporation | 14·7 | 17½ | 8½ | Expansion of burden-preparation facilities at the Teesside iron and steelworks. | |
British Steel Corporation | 14·7 | 18 | 8½ | Llanwern iron and steelworks. | |
32·9 | |||||
1974 | North of Scotland Hydro-Electric Board | 10·4 | 20 | 9½ | Peterhead Power Station, Aberdeenshire. |
Elf Oil (UK) | 10·4 | 10 | 9⅞ | Development of the Frigg gas field in the North Sea. | |
Total Oil (UK) | |||||
Aquitaine Oil (UK) | |||||
Kent and Essex County Councils | 7·0 | 10 | 10½ | Second Dartford Tunnel. | |
British Steel Corporation | 8·0 | 12 | 10½ | New Sinter plant at Port Talbot Steelworks. | |
British Steel Corporation | 12·0 | 12 | 10½ | Construction of bar mill at Thryburg Steelworks near Rotherham. | |
Industrial and Commercial Finance Corporation | 10·0* | 10 | 1½ | For on-loading to small and medium-sized firms in the development areas. | |
Lewis Offshore Ltd | 4·0 | 8 | 10½ | Development of a construction yard at Arnish Point in the Hebrides for the assembly of equipment for offshore oil exploration and production. | |
Electricity Council | 15·6 | 12 | 10½ | Nuclear Power Station at Hartlepool. | |
Short Bros & Harland Ltd. Belfast | 2·5 | 5 | 10½ | Development of low-cost commuter aircraft at the company's factory in Belfast. | |
79·9 | |||||
1975 | South of Scotland Electricity Board | 15·6 | 12 | 9⅞ | Hunterston B Nuclear Power Station. |
Electricity Council | 7·8 | 12 | 9½ | Nuclear Power Station, Hartlepool. | |
Distillers Company | 12·0 | 10 | 9½ | Whisky blending and bottling factory at Shieldhall, near Glasgow. | |
South of Scotland Electricity Board | 7·8 | 12 | 9½ | Hunterston B Nuclear Power Station. | |
National Coal Board | 7·2 | 10 | 9½ | Extension and modernisation of five coal mines in Yorkshire and South Wales. | |
*Lapsed in November 1975 after only £600,000 had been drawn. |
Borrower
| Amount £ million
| Repayment period years
| Interest rate Per cent.
| Project
|
British Gas Corporation | 24·2 | 10 | 9¼ | New pipeline system to bring natural gas from the Frigg Field to Scotland and connect up with the national distribution grid. |
British Gas Corporation | 23·6 | 10 | 9¼ | Second phase of extension to the natural gas transmission system to permit deliveries of gas from the Frigg Field. |
Tate &Lyle | 1·6 | 10 | 9½ | Glucose factory at Goole, Yorkshire. |
Post Office. | 17·5 | 10 | 9½ | Modernisation of telecommunications in Wales and the Borders. |
National Water Council | 7·5 | 12 | 9½ | Kielder water scheme, North East England. |
British Steel Corporation | 17·5 | 10 | 9½ | Installation of new coating lines at Shotton, North Wales. |
South of Scotland Electricity Board | 10·0 | 8 | 9½ | Power lines to connect Inverkid power station with the main transmission system. |
North of Scotland Hydro-Electricity Board | 10.0 | 8 | 9½ | Power lines to connect Peterhead North power station with the main transmission system, and to reinforce supply system to Aberdeen. |
British Railways Board | 6·3 | 8 | 9½ | Construction of"merry-go-round"coal wagons. |
Shetland Island Council | 16·9 | 10 | 9½ | Oil tanker harbour at Sullom Voe in the Shetlands. |
Olivetti International | 1·0 | 5 | 9½ | Conversion and expansion of the British Olivetti typewriter factory in Glasgow. |
186·5 | ||||
1976 British Gas Corporation | 20·0 | 10 | 9½ | Gas pipelines network. |
Post Office | 17·3 | 10 | 9½ | Telecommunications network in Scotland. |
National Water Council | 9·0 | 10 | 9½ | Water supply schemes in North-West England. |
National Water Council | 4·0 | 12 | 9½ | Kielder water scheme in Northumbria. |
British Gas Corporation | 17·3 | 8 | 9 | Southern Feeder gas pipeline. |
British Railways Board | 11·6 | 8 | 9 | Construction of three prototype Advanced Passenger Trains. |
British Gas Corporation | 8·6 | 8 | 9 | Gas pipeline to South-West England. |
Post Office | 17·6 | 10 | 9½ | Telephone installations in North-Eastern telecommunications regions. |
British Railways Board | 5·5 | 10 | 9½ | To modernise shipping service between Holyhead and Dun-Laoghaire. |
Electricity Council | 26·0 | 12 | 9½ | Dinorwic hydro-electric scheme. |
North Sea Inc | 16·8 | 8 | 9 | Development of Beryl oil field in the North Sea. |
British Steel Corporation | 6·75 | 8 | 9 | Expansion of Consett works, Co. Durham. |
British Steel Corporation | 3·5 | 8 | 9 | Expansion of Dalzell steelworks, Motherwell. |
Borrower
| Amount £ million
| Repayment period years
| Interest rate Per cent.
| Project
| |
British Railways Board | 5·0 | 10 | 9 | Enlargement of two hovercraft. | |
British Steel Corporation | 14·7 | 10 | 9 | (i)£12·6 million for coal handling and blending system at Port Talbot. | |
(ii)£2·l million for improvements at Distington Works, Workington. | |||||
National Water Council | 10·0 | 12 | 8⅞ | (i) £6 million for the Kielder Water Scheme, North-umbria. | |
(ii) £4 million for water supply and sewerage projects in Cornwall. | |||||
Santa Fe Minerals (UK) Inc | 17·9 | 7 | 8⅜ | Development of Thistle oil field in the North Sea. | |
British Petroleum | 30·4 | 8 | 8½ | (i) £19·7 million for acetic acid plant at Hull. | |
(ii) £10·7 million for pipeline from Ninian oil field to Sullom Voe. | |||||
British Steel Corporation | 17·0 | 10 | 8⅞ | To increase casing pipe finishing capacity at two works near Glasgow and at Hartlepool. | |
258·95 | |||||
1977 | Post Office | 18·5 | 10 | 8⅞ | Extension and modernisation of telephone system in Northern Ireland. |
National Water Council | 8·3 | 9 | 8⅞ | Increase of water supplies in Cheshire, Merseyside, Greater Manchester, Lancashire and Cumbria. | |
British Steel Corporation | 14·0 | 12 | 8⅞ | Ravenscraig works, Motherwell. | |
National Water Council | 7·5 | 15 | 9⅛ | Water supply project and sewerage scheme in Teesside region. | |
National Water Council | 6·2 | 12 | 8⅞ | Water supply projects and sewerage schemes in Gwent, Mid and South Glamorgan. | |
National Water Council | 2·5 | 11½ | 8½ | Water supply and sewage scheme in Cornwall. | |
National Water Council | 7·5 | 15 | 8·95 | Water supply project and sewerage scheme in Teesside region. | |
National Water Council | 14·6 | 15 | 8·95 | Water supply project in Yorkshire. | |
North of Scotland Hydro-Electricity Board | 4·1 | 15 | 8·95 | Reinforcement of electricity transmission system to the Isle of Skye. Introduction of first mains electricity supply to three Shetland Islands. | |
British Steel Corporation Chemicals | 6·9 | 12 | 8½ | Construction of Benzole refinery at Port Clarence on Teesside. | |
British Steel Corporation | 7·7 | 12 | 8⅞ | Modernisation of iron foundries at Distington works, Workington and Fullwood, near Motherwell. | |
British Steel Corporation | 3·8 | 12 | 8⅞ | Modernisation of steel foundry at Craigneute, near Motherwell. | |
British Steel Corporation | 52·7 | 12 | 8¾ | Expansion of steelworks at Motherwell. |
Borrower
| Amount £ million
| Repayment period years
| Interest rate Per cent.
| Project
| |
Lothian Water | 25·0 | 15 | 9 | To increase water supplies to Edinburgh and Midlothian and to reduce pollution in the Firth of Forth by major improvements to Edinburgh sewerage system. | |
National Water Council | 6·2 | 11½ | 8¾ | Water supply projects and sewerage schemes in Gwent Mid and South Glamorgan. | |
National Water Council | 19·8 | 15 | 9 | Works designed to increase water supplies in the North-West of England. | |
South of Scotland Electricity Board | 4·3 | 12 | 8¾ | Erection of transmission lines in Scotland. | |
United Kingdom Government Agency | 20·0 | 7 | 7½ | Finance for small and medium-sized industrial ventures in the assisted areas. | |
British Railways Board | 7·2 | 12 | 8·45 | High speed rail depots on East Coast. | |
British Steel Corporation | 8·0 | 12 | 8·60 | Third iron ore reloader at Redcar, South Teesside. | |
British Steel Corporation | 3·9 | 12 | 8·60 | Modernisation of Templeton Brickworks, Co. Durham. | |
Central Electricity Generating Board | 52·3 | 15 | 8·65 | Construction of power station at Heysham, Lancashire. | |
National Water Council | 19·8 | 15 | 8·60 | Improvement of water supplies by construction at Kielder dam and distribution system to the Wear and Tees. | |
320·7 | |||||
1978* | Electricity Council | 22·9 | 15 | 8·60 | Dinorwic pumped storage power station, Wales. |
Electricity Council | 22·9 | 15 | 8·60 | Hartlepool nuclear power station. | |
National Water Council | 16·0 | 15 | 8·55 | Water supply/sewerageschemes in North-West England. | |
National Water Council | 15·0 | 20 | 9·30 | Water supply schemes in Yorkshire and Humberside | |
Grampian Regional Council | 5·0 | 15 | 9·40 | Improvements to road and water supply schemes in Aberdeen. | |
Lothian Regional Council | 8·5 | 14½ | 9·40 | Water supply and sewerage schemes in Edinburgh and Midlothian. | |
BICC Metals | 5·0 | 10 | 10·25 | Modernisation of copper refining plant at Prescot Merseyside. | |
National Water Council | 10·0 | 15 | 10·15 | Sewage disposal works in Tyneside. | |
National Water Council | 6·6 | 15 | 10·15 | Kielder Dam. | |
National Water Council | 4·0 | 15 | 10·15 | Water supply scheme in Plymouth area. | |
Civil Aviation Authority | 10·75 | 10 | 10·75 | Extension of Sumburgh airport, Shetlands. | |
126·65 | |||||
* To end of September. |
The amount of grants from the European Coal and Steel Community received by the United Kingdom between 1st January 1973 and 30th September 1978 is as follows:— | ||||||
£ million
| ||||||
British Steel Corporation | 2·2 | |||||
National Coal Board | 25·8 | |||||
Details of loans made by the ECSC are as follows:— | ||||||
BRITISH STEEL CORPORATION | ||||||
Period | ||||||
Date of consent
| Date of drawdown
| Loan principal million
| Sterling equivalent £ million
| Rate of Interest
| years
| months
|
9th August 1974 | 30th August 1974 | US $20·95 | 9·0 | 6¼% p.a. on US $6·48m. for first 5 years, 9¼% p.a. thereafter | 7 | 9 |
9¼% p.a. on balance starting 30th May 1975 | ||||||
9th August 1974 | 30th August 1974 | US $23·05 | 10·0 | 6¼% p.a. on US $6·96m. for first 5 years, 9£% p.a. thereafter | 9 | 9 |
9¼% p.a. on balance starting 7th June 1975 | ||||||
20th December 1974 | 16th January 1975 | US $54·0 | 23·0 | 10% p.a. payable half-yearly in arrears, i.e. 15th May and 15th 9 October. | 9 | 10 |
9th May 1975 | 15th May 1975 | US $16·53 | 7·2 | 6 % p.a. on US $ 83m. for first 5 years, 9 % p.a. thereafter | 9 | 6 |
9% p.a. on balance | ||||||
9th May 1975 | 15th May 1975 | US $9·45 | 4·1 | 6 % p.a. on US % 35m. for first 5 years, 9 % p.a. thereafter | 9 | 6 |
9% p.a. on balance | ||||||
16th June 1975 | 20th June 1975 | US $3·0 | 1·3 | 6% p.a. for first 5 years, 9% p.a. thereafter | 7 | 8 |
16th June 1975 | 20th June 1975 | US $7·0 | 3·1 | 9% p.a. | 7 | 8 |
20th October 1975 | 26th October 1975 | US $22·99 | 11·2 | 9·7% p.a. | 6 | 11 |
US $12·43 | 6·1 | |||||
1st December 1975 | 5th December 1975 | Sw.Fr. 22·44 | 4·4 | 8·5% p.a. | 8 | 0 |
1st December 1975 | 5th December 1975. | Sw.Fr. 1·42 | 5·5% p.a. for first 5 years, 8·5% thereafter | 8 | 0 | |
9th January 1976 | 15th January 1976 | Sw.Fr. 26·5 | 5·0 | 8·5% p.a. | 7 | 0 |
Period
| ||||||
Date of consent
| Date of drawdown
| Loan principal
| Sterling equivalent
| Rate of Interest
| years
| months
|
million
| £ million
| |||||
13th February 1976 | 17th February 1976 | US $50·80 | 40·0 | 9·4% p.a | 4 | 10 |
US$28·08 | ||||||
27th February 1976 | 1st March 1976 | US $60·51 | 30·0 | 9·6% p.a. | 9 | 10 |
US$31·88 | 16·0 | |||||
12th March 1976 | 16th March 1976 | Guilders 30 | 5·8 | 8·4% p.a. | 6 | 11 |
23rd March 1976. | 25th March 1976 | Can. $50 | 26·4 | 9·5% p.a | 7 | 0 |
8th April 1976 | 14th April 1976 | Guilders 6·93 | 1·4 | 6% p.a. for first 5 years, 9% p.a. thereafter | 19 | 11 |
8th April 1976 | 20th April 1976 | Guilders 30 | 6·0 | 8·4% p.a | 6 | 10 |
20th May 1976 | 26th May 1976 | US $53·75 | 30·15 | 6% p.a. on US $2·79m. for first 5 years, 9% p.a. thereafter | 8 | 0 |
9% p.a. on balance | ||||||
20th May 1976 | 26th May 1976 | US $53·65 | 30·15 | 9·5% p.a. | 20 | 0 |
8th December 1976 | 15th December 1976 | Sw. Fr. 66 | 16·4 | 6·35% p.a. | 15 | 0 |
18th January 1977 | — | US $8·78 | 5·0 | 9·3 % p.a. (Each half year of first 5 years, interest rebate of 47·600 units of account). | 19 | 10 |
18th January 1977 | — | US $63 | 36·2 | 8·65% p.a. | 7 | 9 |
18th January 1977 | — | DM 15·8 | 3·8 | 8·25% p.a. | 9 | 8 |
25th February 1977 | — | US $10·2 | 29·1 | 81% p.a. | 5 | 0 |
US$39·8 | ||||||
5th April 1977 | 15th April 1977 | Can. $25 | 13·8 | 9·65% p.a. | 7 | 0 |
5th May 1977 | May 1977 | US $10 | 5·8 | 9·55% p.a. | 20 | 0 |
12th July 1977 | 22nd July 1977 | US $20 | 11·6 | 9·3% p.a. | 18 | 0 |
7th October 1977. | October 1977 | US $7·8 | 4·4 | 8·875% p.a. | 12 | 0 |
8th December 1977 | 12th December 1977. | Sw. Fr. 19·85 | 9·6 | 7·35% p.a. | 8 | 0 |
£4·5 | ||||||
May/June 1977 | — | — | 1·1 | 1 % p.a. (loan for workers' housing) | approx | 21 |
407·1 |
NATIONAL COAL BOARD | |||
Date of drawing
| Loan principal
| Sterling equivalent £ million
| Details
|
28th June 1974 | US $5·625 million | 2·4 | 8·25%.15 years. Combination of Horden & Blackhall collieries and provision of new coal preparation plant. |
31st July 1974 | US $10 million | 4·2 | 8·25 % 5 years. Purchase of powered roof supports. |
31st July 1974 | US $15 million | 6·3 | 9·25 $ 8 years. Purchase of powered roof supports. |
6th September 1974 | DM 25 million | 4·1 | 9·25$. 7 years. Littleton, Trentham, Royston, Bettws, Easington collieries development project. |
15th November 1974 | £1·0 million (out of total of £1·7 million* see 16th June 1975). | 1·0 | 1 %. 25 years. Improvements of coal industry workers' homes (1st instalment). |
18th February 1975 | US $2·865 million | 1·2 | 10%. 10 years. Combination of Horden & Blackhall collieries. |
18th February 1975 | US $11·025 million | 4·6 | 10%. 10 years. Development at Littleton, Trentham, Royston, Bettws and Easington collieries. |
18th February 1975 | US $7·875 million | 3-3 | 10%. 10 years. Combination of Markham & Ireland collieries. |
18th February 1975 | US $18·435 million | 7·7 | 10%. 10 years. Purchase of powered roof supports. |
30th April 1975 | US $23·5 million | 10·0 | 9%. 8 years. Purchase of powered roof supports. |
30th April 1975 | US $12·030 million | 5·1 | 9%. 9 years. Development at Littleton, Trentham, Royston, Bettws and Easington collieries. |
15th May 1975 | US $46·5 million | 20·2 | 9·. 8 years. Development at Thoresby, Haig, South Leicester, Ollerton, Taff Merthyr/Merthyr Vale, Thurcroft, Betteshanger, Dinnington, Blaenant and Lynemouth/EIlington collieries. |
16th June 1975 | £ 0·7million*(see15th November 1974). | 0·7 | 1 ·. 25 years. Improvement of coal industry workers' homes (2nd instalment). |
15th October 1975 | Sw. Fr. 25 million | 4·6 | 8·5%. 8 years. The purchase of moveable underground plant and equipment, excluding powered roof supports. |
26th November 1975 | US $18·15 million | 8·9 | 9·7%.7 years. The purchase of moveable underground plant and equipment, excluding powered roof supports. |
27th November 1975 | Sw. Fr. 26·14 million | 4·8 | 8·5%. 8 years. Development at Thoresby, Haig, South Leicester, Ollerton, Taff, Merthyr/Merthyr Vale, Thurcroft, Betteshanger, Dinnington, Blaenant and Lynemouth/EIlington collieries. |
15th January 1976 | Sw. Fr. 23·5 million | 4·4 | 8·5%. 7 years. The purchase of moveable underground plant and equipment, excluding powered roof supports. |
17th February 1976 | US $46·12 million | 22·8 | 9·4%. 5 years. The purchase of moveable underground plant and equipment, excluding powered roof supports; coal preparation facilities; rapid loading facilities. |
26th May 1976 | US $9·15 million | 5·1 | 9%. 8 years. The establishment of a new drift mine on the site of the existing Prince of Wales Colliery on the North Yorkshire coalfield. |
8th November 1976 | DM 65 million | 16·7 | 8·25%. 10 years. Improvements at Whitwell, Bolsover, Warsop, Linley, Newstead, Cresswell, Grimethorpe, Bentley, Westoe, Oakdale, Cwm/Coedeley, Abertillery, Blaenserchan and Snowdon collieries and Butterwell opencast site. |
8th November 1976 | DM 20 million | 5·1 | 8·25%. 10 years. Improvements at Ackton Hall, Brodsworth, Bentinck, Bevercotes, Silverhill, Silverdale and Bold collieries. |
Date of drawing
| Loan principal
| Sterling equivalent £ million
| Details
|
24th December 1976 | US $60 million | 35·7 | 8·65 %. 8 years. The purchase of powered roof supports and improvements at Ackton Hall, Brodsworth, Bentinck, Bevercotes, Silverhill, Silverdale, Bold, Whitwell, Bolsover, Warsop, Linby, Newstead, Cresswell, Grimethorpe, Bentley, Westoe, Oakdale, Cwm/Coedeley, Abertillery, Biaenserchan, Snowdon and Butterwell opencast site. |
3rd June 1977 | US $29·955 million | 17·4 | 8·4 %. 7 years. The purchase of underground plant and equipment excluding powered roof supports. |
16th September 1977 | US $42 million | 24·1 | 9·25%. 15 years. The establishment of a new drift mine at Prince of Wales colliery, the purchase of powered roof supports, the construction of a new training centre and the expansion of existing coal preparation laboratories at MRDE, Staffs. |
14th October 1977 | US $34·3 million | 19·5 | 8·75%. 12 years. Improvements at Shirebrook, Silverwood, Treforgan, Allerton, Bywater, Rawdon and Domsthorpe, South Kirkby, Ollerton and Trenton collieries Kingswood opencast site and Maryport Disposal Point. |
28th February 1978 | US $25 million | 12·8 | 9·5%. 8 years. Improvements at Whitwell, Bolsover, Warsop, Linby, Newstead Creswell, Grimethorpe, Bentley, Butterwell, Westoe, Oakdale, Cwm/Coedeley, Abertillery, Biaenserchan, Snowdon, Shirebrook, Silverwool, Treforgan, Allerton Bywater, Rawdon and Donisthorpe, South Kirkby, Ollerton and Treeton collieries, Kingswood Opencast Site and Maryport Disposal Point and the extablishment of a new drift mine at Prince of Wales colliery. |
14th March 1978 | £5 million | 5·0 | 10·25%.11 years 9 months. Improvements at Ackton Hall, Brodsworth, Bentinck Bevercotes, Silverhill, Silverdale and Bold collieries. |
31st March 1978 | DM 56 million | 14·8 | 5·7%. 12 years. Improvements at Shirebrook, Silverwood, Treforgan, Allerton Bywater, Rawdon and Donisthorpe, South Kirkby, Ollerton and Treeton collieries, Kingswear Opencast Site and Maryport Disposal Point. |
14th April 1978 | US $20 million | 10·6 | 9·05%. 9 years. Improvements at Goldthorpe/Highgate, Askern Houghton Main, Grimethorpe, Manton, Thoresby, Harworth, Wearmouth, Bagworth-Ellistow Lady Windsor/Abercynon, Lea Hall Seafield/Frances, Bentley, Frickley/South Elmsall. |
19th June 1978 | £0·402 million (out of total of £0·435 million see 28th July 1978). | 0·402 | 1 %. 20 years. Improvement and new construction of National Coal Board Housing (1st instalment). |
23rd June 1978 | US $95 million | 51·5 | 9·3%.10 years. Improvements Goldthorpe/Highgate, Askern, Houghton Main, Grimethorpe Manton, Thoresby, Harworth, Wearmouth, Bagworth-Elliston, Lady Windsor/Abercynon, Lea Hall, Seafield/Frances Bentley, Frickley/South Elmsall. Selby. |
25th July 1978 | US $75 million | 39·0 | 9·8%. 15 years. Purchase of Powered Supports. Improvements at Shirebrook, Kingswood, Silverwood, Treforgan, Maryport, Allerton Bywater, Rawdon and Donisthorpe, South Kirkby, Ollerton, Treeton. |
28th July 1978 | DM 32 million | 8·2 | 6·85%. 15 years. Supply and installation of Underground plant and equipment. |
28th July 1978 | £0·034 million (see 19th June 1978). | 0·034 | 1 %. 20 years. Improvement of Coal Industry Workers' homes (last instalment). |
382·2 |
asked the Chancellor of the Exchequer what he estimates the total United Kingdom payments to the EEC will be in 1979 and 1980; and what he estimates the grants or loans will be from the EEC to the United Kingdom in those two years.
pursuant to his reply [Official Report, 30th November 1978], gave the following answer:The latest estimates of the United Kingdom's gross contributions to, and receipts from, the Community Budget for 1979 and 1980 were published in the Green Paper"The European Monetary System"(Cmnd. 7045).It is not possible to forecast the amount of loans the United Kingdom will receive from the European Communities in future years.