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International Monetary Fund Money

Volume 656: debated on Thursday 29 March 1962

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Resolution reported,

That, for the purposes of any Act of this Session to enable the United Kingdom to take part in arrangements under which the International Monetary Fund may borrow supplementary resources from its members, it is expedient to authorise—
  • (a) the issue out of the Consolidated Fund of sums required for the purpose of making loans to the International Monetary Fund in accordance with the said arrangements;
  • (b) the borrowing in any manner authorised under the National Loans Act, 1939, and payment into the Exchequer of any money needed for providing any sums to be so issued or for replacing any sums so issued;
  • (c) any increase attributable to the said Act of this Session in the sums payable into the Exchequer under subsection (2) of section two of the Bretton Woods Agreements Act, 1945.
  • Resolution agreed to.