HC Deb 24 October 1967 vol 751 c429W
Mr. Bruce-Gardyne

asked the Chancellor of the Exchequer what plans he has for repayment in whole or in part of the outstanding portions of the International Monetary Fund's loan to Her Majesty's Government during 1968.

Mr. Callaghan

The precise phasing of the repayment due to the International Monetary Fund between May, 1968, and May, 1970, will be agreed with the Fund at the appropriate time.

Mr. Bruce-Gardyne

asked the Chancellor of the Exchequer whether it is the intention of Her Majesty's Government to support proposals for raising the blocking veto in the International Monetary Fund from 80 per cent. to 85 per cent.

Mr. Callaghan

I shall wait to hear what arguments are advanced in the Fund Exective Board before deciding to support changes in rules that have been in force for a number of years.