Sterling Convertibility

Oral Answers to Questions — National Finance – in the House of Commons am 12:00 am ar 13 Mai 1947.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Commander Sir Douglas Marshall Commander Sir Douglas Marshall , Bodmin 12:00, 13 Mai 1947

asked the Chancellor of the Exchequer whether the convertibility of sterling in July, 1947, will apply to countries with which the United Kingdom will have no monetary agreement on that date.

Photo of Mr Hugh Dalton Mr Hugh Dalton , Bishop Auckland

I would refer the hon. Member to paragraph 8 (ii) of the Anglo-American Financial Agreement which sets out our commitment in this matter.