HC Deb 16 December 1954 vol 535 cc178-9W
68. Mr. A. Henderson

asked the Chancellor of the Exchequer whether the international discussions, with a view to setting up an International Finance Corporation, have now taken place; and whether he will make a statement.

Mr. H. Brooke

The General Assembly of the United Nations passed, on 11th December, a Resolution taking note of the United States statement and declarations of other countries in support of an International Finance Corporation, and requesting the International Bank to prepare draft statutes to govern it and to present the draft to Governments for discussion.

69. Mr. A. Henderson

asked the Chancellor of the Exchequer how much he estimates the financial contribution of the United Kingdom would be to the proposed International Finance Corporation affiliated to the International Bank of the United Nations organisation.

Mr. H. Brooke

About £5 million.