§ Mr. Bruce-Gardyneasked the Chancellor of the Exchequer whether it is his intention to seek the agreement of United Kingdom overseas creditors for the funding of the remaining tranches of United Kingdom Monetary Fund borrowings after repayment of the first tranche in December, 1967.
Mr. GallaghanAfter the first repayment to the International Monetary Fund to be made later this year no further60W payments will be due until the period 1968–70. There is no reason to assume now that we could not or should not meet these payments when they fall due or to enter into any negotiations at present on those assumptions.