HC Deb 22 December 1964 vol 704 cc210-1W
50. Mr. St. John-Stevas

asked the Chancellor of the Exchequer on what terms the recent loan of $3,000 million was obtained from foreign central banks; in particular, what is the rate of interest being charged; and what is the commitment charge.

Mr. Callaghan

This is the amount which has been placed at our disposal, as I told the House on 26th November. It is not a loan, but a series of facilities on which we can draw. It is not customary to disclose details of such arrangements.