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Thursday, 28 March 1957


Mr Costa a asked the Treasurer, upon notice -

Does the amount of £2,580,000 in annual repayment of the 54,000,000 dollars loan from the International Bank include exchange?


Sir Arthur Fadden - The answer to the honorable member's question is as follows: -

As from 15th March, 1958, until 15th March, 1970, the annual total of the half-yearly interest and principal payments to the International Bank in respect of the 54,000,000 dollars loan will amount to 5,790,000 dollars or £A.2,585,000 at the par rate of exchange.







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