§ Mr. Hordernasked the Chancellor of the Exchequer when he will announce the policy actions which are determined to be appropriate, having taken into account the actual course of fresh credit in relation to the expected course, as expressed in paragraph 11 of his Letter of Intent to the International Monetary Fund of 23rd November, 1967.
§ Mr. Harold LeverI would refer the hon. Member to my Written Answer on 15th October. I see no reason to modify existing policies. —[Vol. 770, c.71–2.]
§ Mr. Hordernasked the Chancellor of the Exchequer if he will define the term 235W money supply as used in paragraph 11 of his Letter of Intent to the International Monetary Fund of 23rd November, 1967.
§ Mr. Harold LeverThe official United Kingdom definition of the money supply is notes and coin held by United Kingdom residents other than banks plus net deposits by United Kingdom residents with the institutions classified to the banking sector.