HC Deb 29 July 1954 vol 531 c689
63. Mr. Roy Jenkins

asked the Chancellor of the Exchequer the purpose of the sterling loan recently raised by the International Bank for Reconstruction and Development on the London market.

Mr. Maudling

The purpose of the loan of £5 million which the International Bank is now raising on the London market is to provide the Bank with sterling for lending to borrowers outside the sterling Commonwealth.