Sterling Balances

Oral Answers to Questions — National Finance – in the House of Commons am 12:00 am ar 24 Ebrill 1947.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Sir Walter Fletcher Sir Walter Fletcher , Bury 12:00, 24 Ebrill 1947

asked the Chancellor of the Exchequer if he will, in future, include in the monthly statistics of exports, the total value of these exports that are made a against cancellation of sterling balances in this country.

Photo of Mr Hugh Dalton Mr Hugh Dalton , Bishop Auckland

No, Sir. This suggestion is totally impracticable.

Photo of Sir Walter Fletcher Sir Walter Fletcher , Bury

Could not the Chancellor think of some alternative means whereby support can be given to the strong statement in his Budget speech about which very many people agree with him?

Photo of Mr Hugh Dalton Mr Hugh Dalton , Bishop Auckland

I am much obliged to the hon. Gentleman, and we will certainly consider what means we have to do that, but his principle is impracticable, as the hon. Gentleman will realise, because the figures which would be given would be the outcome of trade with all countries, and not only with the United Kingdom, and it also depends on capital movements, invisibles and other items.