asked the Chancellor of the Exchequer whether an exchange rate has been fixed between sterling and the lira for Pantellaria; and whether this rate will be applicable to all other parts of metropolitan Italy which may be occupied by the Allied Forces?

I would refer my hon. Friend to the reply which I gave to my right hon. Friend the Member for East Edinburgh (Mr. Pethick-Lawrence) on 6th July last.

Will my right hon. Friend impress upon his economic advisers that this is not only an economic matter but involves political considerations as well?

Yes, Sir. In my original reply to the right hon. Gentleman I said that I hoped to make a statement about this and allied matters at a convenient opportunity.