HC Deb 15 April 1969 vol 781 c960
7. Mr. Marten

asked the Chancellor of the Exchequer if he will now make a statement about rephasing the Government's overseas debts.

Mr. Harold Lever

My right hon Friend will have something to say on this in his Budget Statement after Questions.

Mr. Marten

Is it not true that the International Monetary Fund is to come to London tomorrow? Is it not also true that we are about to ask for stand-by drawing rights for a further 1,000 million dollars or more? If so, shall we be told beforehand what strings will be attached?

Mr. Lever

The visit of the I.M.F. arises from the annual Article 8 consultations with all important countries. I am sure that the hon. Gentleman does not wish to spoil his enjoyment of the speech of my right hon. Friend the Chancellor by my advancing the comment he will make in that speech.