HC Deb 12 November 1968 vol 773 cc68-9W
63. Mr. Bruce-Gardyne

asked the Chancellor of the Exchequer in what currencies drawings by the United Kingdom under the Basle Agreement will stand to be repaid; and to what extent they will stand to be repaid in gold.

Mr. Harold Lever

Repayments will be in the currencies in which drawings are made, which may be United States dollars or other foreign currencies. There is no gold obligation.

Mr. Bruce-Gardyne

asked the Chancellor of the Exchequer what rate of interest will be payable by the United Kingdom on drawings under the Basle Agreement.

Mr. Harold Lever

I have nothing to add to the Answer which my right hon. Friend the Chancellor of the Exchequer gave to the hon. Member for Louth (Sir C. Osborne) on 15th October.—[Vol. 770, c. 65–7.]