HC Deb 20 May 1971 vol 817 cc345-7W
Mr. Marten

asked the Chancellor of the Exchequer if he will list precisely the spheres in which Great Britain has irrevocably surrendered her sovereignty through membership of the International Monetary Fund.

be abolished by Class 53 of the Finance Bill.

Following is the table:

Mr. Higgins

The Articles of Agreement of the International Monetary Fund have the force of an international treaty and prescribe rules relating to the exchange rate system, to transactions with the Fund, and to the scheme of Special Drawing Rights. But subscription to the Articles implies no irrevocable decision. Article XV provides that a member may withdraw from the Fund at any time.