§ Mr. Hooleyasked the Chancellor of the Exchequer what is his present estimate of the date on which it will be possible for the Special Drawing Rights Scheme to become operative.
§ Mr. Roy JenkinsThe Governors of the International Monetary Fund have approved the necessary amendments to the Fund's Articles to give effect to the S.D.R. Scheme. There are further processes which require Parliamentary action in many countries and may take some months. The earliest time at which S.D.R.s could be created and distributed is probably the early months of 1969.