To ask the Secretary of State for Foreign and Commonwealth Affairs what action is being taken to use the residual assets of the British Phosphate Commissioners for the benefit of Commonwealth countries in the south Pacific.
Following the distribution of the residual assets of the former British Phosphate Commissioners in February 1987, £750,000 pa is available for use by the Foreign and Commonwealth Office for the benefit of small Commonwealth states.In the financial year ending March 1988, the FCO was able to:
To ask the Secretary of State for Foreign and Commonwealth Affairs if he will make statement on his Department's scholarship awards scheme in the Commonwealth, and in particular in the south Pacific; and whether any of the residual British Phosphate Commissioners funds are being used for the purpose of this scheme.
£100,000 from the income generated from the British share of the residual assets of the former British Phosphates Commissioners is added annually to the Foreign and Commonwealth Office scholarships and awards scheme in order to increase the number of awards made specifically to overseas students from Commonwealth small states, including those in the south Pacific.In 1987–88 the FCOSAS provided a total of 290 awards worth £1·8 million to overseas students from all Commonwealth countries. 28 of those awards, worth £141,000, went to students from Commonwealth countries in the south Pacific.
To ask the Secretary of State for Foreign and Commonwealth Affairs whether the residual assets of the British Phosphate Commissioners will be used for the benefit of the Banaban community on Rabi Island, Fiji.
The income generated from the British share of the residual assets of the former British Phosphate Commissioners will continue to be dedicated to assisting the development of small Commonwealth states. These include the island nations of the south Pacific, among them the Banaban community on Rabi Island, Fiji, who have benefited in the past from funds arising from the phosphate mining industry.