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Mr. Boswell
To ask the Secretary of State for Trade and Industry whether he will make a statement about the progress of discussions concerning the liabilities of the International Tin Council.
Mr. Ridley
A proposal supported by all known creditors of the International Tin Council's buffer stock operation for a settlement at £182·5 million payable on 30 March 1990 has been approved by the ITC as the basis for a settlement. A Supplementary Estimate covering a United Kingdom contribution not exceeding £31,790,000 to the settlement amount will be laid before the House in February.