HC Deb 31 January 1957 vol 563 cc205-6W
Mr. Jay

asked the Chancellor of the Exchequer to what extent the drawing and stand-by arrangement approved by the International Monetary Fund and announced by the then Chancellor on 4th December was conditional on the terms of that announcement concerning external controls and credit and fiscal policies.

Mr. Birch

None. But as the Prime Minister said when Chancellor in reply to a Question on 18th December, the International Monetary Fund took note of the declared policies of Her Majesty's Government.