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Visiting Americans (Sterling Purchases)

Volume 437: debated on Thursday 22 May 1947

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asked the Chancellor of the Exchequer whether he will permit tourists from U.S.A. who are in possession of accumulated sterling savings already lodged in this country during previous residence here and invested in response to wartime appeals in British war stock to draw upon those balances.

No; I normally expect visiting Americans to buy the sterling they need with dollars.