§ 102. Mr. Tilneyasked the Chancellor of the Exchequer whether the offer of a £5,000,000 loan by the Bank of England to commodity traders who have suffered through the devaluation of the British £ sterling and non-devaluation of various sterling area currencies, is sufficient to meet the claims of the commodity markets in Great Britain which have over a long period helped Great Britain's balance of payments in the way of massive invisible exports.
§ Mr. Roy Jenkins:The loans are intended to help ensure that trading in general can continue. I understand that the £5 million offer is estimated to apply to at least three quarters of total net losses.