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Mr. Nicholas Baker
asked the Lord Privy Seal what are the arrangements for repayment of Rhodesia 6 per cent. stock 1976 to 1979 and arrears of interest to United Kingdom holders.
Mr. Luce
The new Government of Rhodesia have made it clear that they intend to honour debts outstanding to the British Government and to private creditors in the United Kingdom. We expect that the Zimbabwe Government will be meeting representatives of the holders of Rhodesian stock fairly shortly after independence to discuss the arrangements for servicing and repayment.