HC Deb 09 August 1966 vol 733 c291W
Sir C. Osborne

asked the Chancellor of the Exchequer, in view of the fact that the £270 million swap arrangement with the Federal Reserve Bank of New York is exhausted, what new defence he proposes to use against the continuing run on sterling; for how long he estimates such new lines of credit will last; and if he will make a statement.

Mr. Callaghan

The assertions of the hon. Member are mistaken.