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Volume 656: debated on Tuesday 27 March 1962

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asked the Chancellor of the Exchequer whether Her Majesty's Government will participate in the proposed international consortium to help finance Iran's third five-year economic development plan; and whether he will make a statement.

I understand that the International Bank is at present studying the Iranian development plan but that no decision has yet been reached about the formation of an international consortium under its auspices. If such a consortium is formed we shall be prepared to consider whether our financial circumstances at the time permit us to help.