Skip to main content

Sterling Balances

Volume 440: debated on Thursday 17 July 1947

The text on this page has been created from Hansard archive content, it may contain typographical errors.

59.

asked the Chancellor of the Exchequer what is the balance of payments as between the United Kingdom and Australia at the present time.

On current accou:at the United Kingdom surplus with Australia was about £20 million in 1946 and is expected to be about £10 million in 1947. This excludes payments arising from the war or from transactions in wool not for United Kingdom consumption. Australia has a surplus on current account if her trade with all countries is brought into the reckoning.