Dollar Credits (Capital Goods)

Oral Answers to Questions — National Finance – in the House of Commons am 12:00 am ar 25 Chwefror 1947.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Sir Martin Lindsay 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.

Photo of Mr Hugh Dalton Mr Hugh Dalton , Bishop Auckland

Five per cent. of our imports from U.S.A. in December were machinery.

Photo of Sir Martin Lindsay 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?

Photo of Mr Hugh Dalton 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.

Photo of Mr Oliver Crosthwaite-Eyre Mr Oliver Crosthwaite-Eyre , New Forest and Christchurch

Can the Chancellor of the Exchequer give the corresponding figure for Canadian dollars?

Photo of Mr Roland Jennings Mr Roland Jennings , Sheffield, Hallam

Can the Chancellor say why the Government Departments have not made these claims? Surely they must be asleep.