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Uk—France (Interchange Visits)

Volume 497: debated on Wednesday 5 March 1952

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asked the Chancellor of the Exchequer whether, in view of the importance of maintaining and developing the maximum interchange of visits between France and Great Britain, he will give consideration to the scheme, put forward by the French travel interests, that British travellers to France should deposit pounds in London against their prospective expenses in France, that French travellers to England should deposit francs in France against their prospective expenses in England and that travellers between the two countries should be allowed to draw upon these funds to the extent that they are self-balancing over a reasonable period.

I am afraid that any such scheme involves a risk of a net loss of foreign currency and for that reason would not be acceptable.