HC Deb 22 June 1965 vol 714 c170W
46. Mr. Eldon Griffiths

asked the Chancellor of the Exchequer by how much Spain has directly or indirectly assisted the United Kingdom through its quota contributions to the International Monetary Fund.

Mr. Callaghan

The United Kingdom drawings from the International Monetary Fund in December, 1964, and May, 1965 (which totalled the equivalent of $1,000 million and $1,400 million respectively) each included Spanish pesetas to the value of $40 million. The Fund followed its normal policies and practices in arriving at the currencies to be used in both drawings.