• Short Summary

    An agreement for a loan of GBP5,000,000 from Britain to India was signed in New Delhi, India, Dec 23.

  • Description

    1.
    MS Sir Paul and Mr Jha taking their seats


    2.
    MS Sir Paul and Mr Jha sign agreement


    3.
    LS The two signing and exchanging papers


    4.
    CU Sir Paul signing agreement


    5.
    VARIOUS SHOTS.. ceremony


    6.
    Various SHOTS of Sir Paul speaking, followed by CU's of officials listening


    7.
    "2 shots.. Mr Jha speaking


    8.
    LS The two get up and shake hands


    9.
    2 SHOTS..of the Finance Ministry Building of the Government of India




    Initials EHR/V/ES



    Script is copyright Reuters Limited. All rights reserved

    Background: An agreement for a loan of GBP5,000,000 from Britain to India was signed in New Delhi, India, Dec 23. A feature of the agreement that India welcomes is that the loan is not tied to any project, but can be used for any road range of imports from Britain during India's second Five-Year Plan.

    The credit is repayable in 20 years. The agreement was signed by Britain's High Commissioner to India (Sir Paul Gore-Booth) and the Secretary of the Indian Ministry of Finance, Department of Economic Affairs (Shri L. K. Jha). And it brings the total lent by Britain to India during the current financial year to GBP15,000,000.

    Sir Paul said the agreement meant that India need not begin repayment of the new loan until after the third Five-Year Plan is over, and the final instalment does not have to be paid until more than
    The Indian official said: "The aid which we have been receiving from the United Kingdom has many distinctive features. Not only are the amounts substantial, but the form in which the aid is made available gives us the greatest flexibility in its utilization."

  • Tags

  • Data

    Film ID:
    VLVA59INBOD5RB1ISHC5M2DNSUZ1O
    Media URN:
    VLVA59INBOD5RB1ISHC5M2DNSUZ1O
    Group:
    Reuters - Including Visnews
    Archive:
    Reuters
    Issue Date:
    25/12/1960
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:01:46:00
    Time in/Out:
    /
    Canister:
    N/A

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