Mr. Robert G. Hughes
To ask the Chancellor of the Exchequer whether he plans to submit draft treaty texts to the intergovernmental conference on economic and monetary union; and if he will make a statement.
§ Mr. Maude
My right hon. Friend submitted a document, "Economic and monetary union—beyond Stage 1: Possible Treaty Provisions and Statute for a European Monetary Fund", to the Luxembourg presidency on 8 January. This sets out legal texts designed to amend the treaty of Rome so as to allow for the establishment of a European monetary fund managing a hard ecu in line with the proposals first put forward by my right hon. Friend the Prime Minister when Chancellor. Copies have been placed in the Vote Office and the House of Commons Library.