The Government will repay in full by 2nd December, 1967, the drawing of £357 million taken in December, 1964. The balance outstanding has already been reduced to £311 million as a result of drawings of sterling by other countries from the Fund, and this figure may be reduced still further by similar drawings during the year.
No, Sir. I see no prospect of delaying the payment of the first instalment. It will be very much to the credit of this country when the repayment is undertaken in full. The second drawing is repayable some time between 1968 and 1970.