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Rn Personnel, Far East (Currency)

Volume 526: debated on Monday 5 April 1954

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69 and 70.

asked the First Lord of the Admiralty (1) the terms of the agreement under which Australia became responsible for the management of sterling exchange finance available to the Royal Navy in Japanese and Korean waters;(2) for what reason, and under what circumstances, sterling exchange finance available to the Royal Navy in Japanese and Korean waters has been transferred from the Hong Kong and Shanghai Banking Corporation to the Shinwa Bank of Japan.

I would refer my hon. and gallant Friend to the reply I gave to my hon. Friend the Member for Altrincham and Sale (Mr. Erroll) on 29th March, 1954.