§ 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.436W
price basis as those given in the White Paper on Public Expenditure Command Paper No. 4234.
§ 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.