HC Deb 01 April 1969 vol 781 cc61-2W
43. Sir Cyril Osborne

asked the Chancellor of the Exchequer whether he is aware that the United Kingdom is now unable to repay loans from the International Monetary Fund; and what consultation he proposes to have with the International Monetary Fund on this matter.

Mr. Harold Lever

A mission from the International Monetary Fund is expected to arrive in London on 16th April, 1969, in order to conduct the normal Article VIII consultation. The discussion will cover our economic situation as a whole, including provision for the debt repayments due to the Fund in 1969 and 1970.

Mr. Bruce-Gardyne

asked the Chancellor of the Exchequer if he will undertake to place in the Library of the House a copy of the Letter of Intent he addresses to the International Monetary Fund as part of the arrangement for a refunding of Her Majesty's Government's external indebtedness.

Mr. Arthur Lewis

asked the Chancellor of the Exchequer on what date after the Budget he expects to receive in London representatives of the International Monetary Fund; what is the purpose of this proposed visit; and whether he will make a statement.

Mr. Harold Lever

I would refer my answer given in reply to a similar Question today by the hon. Member for Louth (Sir C. Osborne). The question of a Letter of Intent is hypothetical.