§ Mr. Biggs-Davison
asked the Chancellor of the Exchequer to what extent the 100 million dollar bond issue of the International Bank for Reconstruction and Development was offered to institutions and individuals in the United Kingdom, and under what conditions; and whether he will make a statement.
§ Mr. P. Thorneycroft
These bonds were offered to the public through United States underwriters and could be applied for by institutions or individuals in the United Kingdom who could pay for them by realising existing holdings of foreign currency securities. Her Majesty's Government welcome the International Bank's success in augmenting the dollar funds which it has available for lending.