§ Mr. Banksasked the Chancellor of the Exchequer whether any loans have been negotiated and taken up by Her Majesty's Government which are indexed to the value of the £ sterling in the international markets or any other device.
§ Mr. DellNo loans undertaken by Her Majesty's Government in international markets have been indexed, though foreign currency borrowing undertaken by Her Majesty's Government, including the drawing on the IMF oil facility, naturally involves a corresponding foreign currency liability.