India (Loan Conditions)

Part of Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 8th April 1954.

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Photo of Mr Reginald Maudling Mr Reginald Maudling , Barnet 12:00 am, 8th April 1954

There have recently been several International Bank Missions to India and I do not know to which the right hon. Member is referring.

On the second part of the Question, I would refer the right hon. Member to Section 10 of Article IV of the International Bank Agreement, which provides expressly for the exclusion of political considerations from decisions of the Bank.