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Gold Payments (Switzerland)

Volume 465: debated on Tuesday 24 May 1949

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asked the Chancellor of the Exchequer what amounts of gold have been paid to Switzerland under the Anglo-Swiss Payments Agreement in 1949.

As this drain on gold arises from the temporary movement of sterling, due to people purchasing Swiss francs for their holidays, would not it be right and proper to offer to modify the Anglo-Swiss Agreement so that the immediate balance was not taken into account, but purely the final balance over a period of time?