§ Mr. Spearingasked the Chancellor of the Exchequer what steps he is taking in respect of the heavily qualified Audit Report R/118/76 of the EEC Agricultural Funds as set out in the Official Report, 19th July 1976, column 1413.
§ Mr. Joel BarnettThe Audit Board has complained that, while it has been able to be present during inspection visits carried out by the Commission of the European Communities in member States, the Board has not been able to carry out
SDR million Amount available under existing facilities Amounts available following ratification of the Second Amendments of the Articles of Agreement and the Sixth Quota Review Amounts already drawn† IMF General Account* 1st Credit tranche … … 1,015 731.25 700 2nd credit tranche … … 1,015 731.25 3rd credit tranche … … 1,015 731.25 4th credit tranche … … 1,015 731.25 4,060 2,925.00 SDR Account SDR allocations … … 1,006.3 l,006.3‡ 376.9 * The IMF Interim Committee agreed in January 1976 that until the effective date of the amendment of the Articles the size of each credit tranche would be temporarily increased by 45 per cent. The amounts listed in the first column include this temporary increase. † The United Kingdom has also drawn SDR 1,000 million under the 1975 Oil Facility and its gold tranche (SDR 700 million). The latter was already counted as part of the reserves. ‡ Some of the terms and conditions governing use of SDR s are being liberalized under the Second Amendment of the Articles but SDR allocations will continue to be decided in the light of world liquidity requirements. SDR holdings are already counted as part of the reserves.