§ 45. Mr. Callaghan
asked the Chancellor of the Exchequer on what date the stand-by credit of $1,000 million expires; and whether he proposes to apply for a renewal.
§ Mr. Maudling
Our stand-by agreement with the I.M.F. expires on 8th August, 1964. I shall decide much nearer the time in the light of conditions then prevailing whether or not to apply for a renewal.