§ 71. Mr. Donnellyasked the Chancellor of the Exchequer what instructions were given to the British representative on the Executive Council of the International Monetary Fund before the loan of £3 million by the Fund to Persia was authorised; and what further action the British representative has been instructed to take.
§ Mr. R. A. ButlerThe proposed borrowing by Persia from the International Monetary Fund amounts only to a temporary withdrawal of Persia's own gold subscription to the Fund. We have not opposed the transaction and we propose no further action.