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Eastern Europe (Sterling)

Volume 463: debated on Tuesday 5 April 1949

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asked the Chancellor of the Exchequer the quantities of sterling made available to Eastern European countries in 1946, 1947 and 1948 respectively; and of the quantities so made available how much was transferable sterling.

Sterling held by these countries or acquired in the course of trade is and has been available for expenditure within the Sterling Area, with the exception of funds remaining under the control of the Custodian of Enemy Property. Some of the countries are in the Transferable Account Area, and, as regards the remainder, permission may be granted for transfer of sterling to third countries in respect of specific transactions.

Has my right hon. and learned Friend yet taken a decision on the question of allowing British tourists to export a sterling allowance to Yugoslavia, and, if so, when will he announce that decision?

That is quite a different question. Perhaps my hon. Friend will put it on the Order Paper.