asked the Chancellor of the Exchequer (1) with what countries His Majesty's Government have concluded agreements of convertibility of sterling and what is the estimated total of sterling to be converted during the financial year 1947–48 under such agreements;

(2) if it is the policy of His Majesty's Government to ensure that any agreements for the convertibility of sterling include an arrangement that credit balances of currency held by this country of the currency concerned are equally convertible.