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Us Loan Drawings

Volume 437: debated on Tuesday 20 May 1947

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asked the Chancellor of the Exchequer how much of the U.S. Loan to the United Kingdom was used during the first three months of 1947; what approximate amounts of this and other dollar credits were used to pay for U.S. exports to the United Kingdom and the British zone in Germany, respectively; and for what other main purposes and to what extent other dollar credits were used.

Drawings were 500 million dollars, supplies from the United States for ourselves 320 million dollars, and for Germany 70 million dollars. Other supplies and services also cost us dollars, but a detailed analysis of these items in this recent period is not yet available.