§ 66. Colonel Crosthwaite-Eyreasked the Chancellor of the Exchequer the interpretation put by His Majesty's Government upon Article V 3 (a) of the Articles of the International Monetary Fund in relation to the liabilities they have assumed under Article XIX.
§ Mr. DaltonArticle XIX is concerned with the explanation of terms, and does not impose liabilities. I am, therefore, at a loss to understand the hon. and gallant Member's Question.
§ Colonel Crosthwaite-EyreWould the Chancellor state whether all sterling contributed to the International Monetary Fund is convertible under Article XIX? Is it not a fact that under Article V 3 (a) that liability need not be assumed unless it be the policy of His Majesty's Government so to do?
§ Mr. DaltonThese are really very technical questions to deal with by way of supplementary question and answer. I am most anxious not to give any misleading replies to the hon. and gallant Member. I have given my answer to his Question on the Paper, and I would prefer not to be drawn into technical replies without notice.