§ Mr. Bruce-Gardyneasked the Chancellor of the Exchequer if he will make a progress report on the fulfilment of the undertakings given in paragraph four of his predecessor's letter of intent to the International Monetary Fund.
§ Mr. Hector Hughesasked the Chancellor of the Exchequer if he will make a further statement on his plans to improve the balance of payments within the next two years.
§ Sir C. Osborneasked the Chancellor of the Exchequer what is his latest estimate of the balance of payments for 1968; how far this will be in equilibrium; and what improvement is now expected compared with the £540 million adverse balance in 1967.
§ Mr. Roy JenkinsI have nothing to add to the Answer I gave to the earlier Questions today on this subject.
§ Mr. Bruce-Gardyneasked the Chancellor of the Exchequer if he will make a progress report on the fulfilment of the undertakings given by his predecessor 72W in paragraph 11 of his letter of intent to the International Monetary Fund.
§ Mr. Roy JenkinsThe paragraph in question gave no undertakings. But I see no reason to alter the expectation mentioned in it.
§ Mr. Bruce-Gardyneasked the Chancellor of the Exchequer if he will make a progress report on the fulfilment of paragraph 13 of his predecessor's letter of intent to the International Monetary Fund.
§ Mr. Roy JenkinsGood progress is being made in strengthening our balance of payments. But, until success is assured, it would be rash to abolish the restrictions on current payments or to start considering relaxations on capital transfers.