§ Sir Thomas ArnoldTo ask the Chancellor of the Exchequer if he will describe the British representation at the European Monetary Institute.
§ Mr. NelsonAccording to its statute the European Monetary Institute (EMI) will be directed and managed by the Council of the EMI. The Council will consist of the President of the EMI and the governor of each member state's national central bank. The United Kingdom member of the Council will therefore be the Governor of the Bank of England.