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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Mr. Wilson:

While thanking the hon. Gentleman for that answer, may I ask whether he is aware that there has been a report in the Ceylon Press recently to the effect that the World Bank Mission is putting pressure of this kind on the Indian Government? In view of the statements made at the time of the Colombo Plan, and also of authoritative American reports, that public enterprise will be needed on a great scale in countries like India, will the hon. Gentleman make sure that the Charter of the Bank is upheld?