HC Deb 04 November 1969 vol 790 c71W
46. Mr. Ian Lloyd

asked the Chancellor of the Exchequer whether it is the policy of Her Majesty's Government to maintain the existing proportion of the United Kingdom's International Monetary Fund quota in a future enlargement of the Fund's total reserve position.

Mr. Diamond

Quotas in the International Monetary Fund are related broadly to the relative monetary importance of member countries and in the nature of things quota relationships among them will not remain static. No change now in prospect is likely to affect our position as the member with the second largest share of voting power.

47. Mr. Ian Lloyd

asked the Chancellor of the Exchequer what instructions he has given to Her Majesty's Government's permanent representatives at the International Monetary Fund on the renegotiation of the United Kingdom's quota.

Mr. Diamond

Negotiating instructions to representatives of Her Majesty's Government must be confidential.