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Sterling Balances

Volume 437: debated on Tuesday 20 May 1947

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54.

asked the Chancellor of the Exchequer if he will consider taking steps to prevent, after July of this year, sterling balances held by foreigners in this country from being, under certain circumstances, converted into dollars, thereby prejudicing our financial position.

I would refer my hon. Friend to my replies to the hon. and gallant Member for the New Forest and Christchurch (Colonel Crosthwaite-Eyre) and to the hon. Member for Bodmin (Mr. D. Marshall) on 13th May.