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Overseas Assets And Sterling Balances

Volume 416: debated on Thursday 22 November 1945

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asked the Chancellor of the Exchequer the present totals of our overseas assets and of the sterling balances standing in London to the credit of overseas countries, respectively.

The effect of the war on our overseas assets precludes any reliable estimate of their present total value. The total of our sterling liabilities at the end of June, 1945, was slightly above £3,500,000,000.