P529ORACLE 529 Mon 2 Dec C4 1703:16
GOVERNMENT CONFIRMS UK
WILL PAY TIN DEBTS
Trade Secretary Leon Brittan has
confirmed the UK will pay what it owes
banks as a result of the tin crisis.
His statement came as the International
Tin Council resumed its emergency
session, pledged to remain around the
table until a solution is found.
Mr Brittan said the UK would continue
to press other memaers of the 22-nation
council to state "clearly and urgently
their willingness to do likewise".
The collapse of the ITC's mechanism for
supporting the price of tin with almost
£1bn in debts has halted trading on the
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