§ Sir C. Osborneasked the Chancellor of the Exchequer for how long the recent loan of 52,400 million from the International Monetary Fund will run; what rate of interest has to be paid; what other conditions are attached to the loan; how much has been used already in support of sterling; and if he will make a statement.
§ Mr. CallaghanThe Answer to the first part of the Question is 3–5 years; the rates of interest payable are variable; we have undertaken to hold consultations with the fund from time to time. I have nothing further to add to the last published statement on the reserve figures.