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Invisible Exports

Volume 465: debated on Thursday 2 June 1949

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asked the Chancellor of the Exchequer the amount of invisible exports during 1948, of which his Department was notified, which through restrictions made by the foreign country concerned, could not be remitted to this country.

Difficulties in obtaining the proceeds from invisible exports are usually reported in general terms. A reliable estimate of the amount which could not be remitted in 1948 is, therefore, not available. Efforts are continually made during the course of negotiations with other countries to overcome such difficulties.