Oral Answers to Questions — National Finance – in the House of Commons am 12:00 am ar 25 Chwefror 1947.
Sir Martin Lindsay
, Solihull
12:00,
25 Chwefror 1947
asked the Chancellor of the exchequer what percentage of dollar credits was spent on the purchase of capital goods during January, 1947, or during the last month for which figures are available.
Mr Hugh Dalton
, Bishop Auckland
Five per cent. of our imports from U.S.A. in December were machinery.
Sir Martin Lindsay
, Solihull
May I ask how the right hon. Gentleman reconciles the figure he has given with the statement made to the House on 12th December, 1945, that it is indispensable some considerable part of the dollar credit should be spent on the purchase of capital goods? Does he consider 5 per cent, is a considerable part?
Mr Hugh Dalton
, Bishop Auckland
I stand ready to deliver dollars for any orders for machinery from the United States sponsored by any Government Department.
Mr Oliver Crosthwaite-Eyre
, New Forest and Christchurch
Can the Chancellor of the exchequer give the corresponding figure for Canadian dollars?
Mr Hugh Dalton
, Bishop Auckland
Not without notice.
Mr Roland Jennings
, Sheffield, Hallam
Can the Chancellor say why the Government Departments have not made these claims? Surely they must be asleep.
The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.
The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.
The chancellor is the most senior figure at the Treasury, even though the prime minister holds an additional title of 'First Lord of the Treasury'. He normally resides at Number 11 Downing Street.
The Chancellor - also known as "Chancellor of the Exchequer" is responsible as a Minister for the treasury, and for the country's economy. For Example, the Chancellor set taxes and tax rates. The Chancellor is the only MP allowed to drink Alcohol in the House of Commons; s/he is permitted an alcoholic drink while delivering the budget.
