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Poland (Sterling)

Volume 487: debated on Tuesday 24 April 1951

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asked the Chancellor of the Exchequer for what reasons His Majesty's Government have permitted Poland to continue to use sterling within the transferable account area.

I am not satisfied that we should alter the arrangements made under the Anglo-Polish Payments Agreement.

Why is the right hon. Gentleman extending this privilege to Poland when Poland is refusing to pay the initial instalments on its debts to this country? Surely it is not logical to give with one hand and not to press for payment with the other?

There is no question of extending this privilege. The arrangements were made under the Anglo-Polish Payments Agreement of 1948. We are not at present aware of the reason why the Polish Government did not pay the sums mentioned by the hon. and gallant Member, and we are looking into that.

Is it not a fact that the availability to Poland of the use of transferable sterling has recently been extended another six months after she repudiated her debts to this country?