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United States Silver

Volume 389: debated on Tuesday 25 May 1943

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36.

asked the Chancellor of the Exchequer whether the price of the United States silver to be made available to industry will be fixed by the Government or by the bullion market; and whether the arrangements have the approval of the United States Administration?

The price of U.S. silver to be made available to industry will be fixed by the Treasury. This continues the existing arrangement, and the question of obtaining the approval of the U.S. Administration has not arisen.