HC Deb 29 October 1992 vol 212 c785W
Mr. Cash

To ask the Chancellor of the Exchequer pursuant to article 30 of the protocol to the Maastricht treaty on European central banks what is the maximum sum in pounds sterling that the United Kingdom would be requested to contribute to the European central bank, under present conditions, under article 30 of the protocol to the Maastricht treaty on European central banks.

Mr. Nelson

No contribution of foreign reserve assets would be made unless the United Kingdom were to participate in stage 3 of economic and monetary union. The United Kingdom share of any initial contribution if we did participate could only be calculated nearer the time, under articles 30.1 and 29.1. This amount could also be increased subsequently under article 30.4.