§ Mr. Robert Edwardsasked the Chancellor of the Exchequer why he approved, under the Exchange Control Regulations, the borrowing of £23 million in Swiss francs by the Electricity Council.
§ Mr. NottUnder current exchange control practice the borrowing of foreign currency for use in the United Kingdom is normally permitted if the borrowing is made for a period of five years or more. The borrowing in Swiss francs by the Electricity Council was approved on this basis.