HC Deb 18 November 1970 vol 806 cc435-6W
Mr. Tom King

asked the Chancellor of the Exchequer when the United Kingdom's additional subscription to the International Monetary Fund will be paid; and what will be the effect on the United Kingdom's drawing rights.

price basis as those given in the White Paper on Public Expenditure Command Paper No. 4234.

Mr. Maurice Macmillan

The information is as follows:

Mr. Higgins

The United Kingdom is paying today to the International Monetary Fund a subscription of £150 million corresponding to the United Kingdom's increased quota. £112,500,000 is being paid in sterling, and £37,500,000 in gold from the reserves. The larger quota increases the United Kingdom's drawing rights by £187,500,000.