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Volume 654: debated on Wednesday 21 February 1962

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asked the Lord Privy Seal to what extent the United Kingdom's contributions to the United Nations are payable in currency other than the United States dollar; and what consideration was given to the possibility of paying in sterling for the United Nations bonds the Government have undertaken to buy.

We normally pay as much of our contribution in sterling as the Organisation can use.

Her Majesty's Government's purchase of United Nations bonds will be made wholly in sterling. Sterling is, of course, fully convertible.