Oral Answers to Questions — National Finance – in the House of Commons am 12:00 am ar 25 Gorffennaf 1950.
Mr Robert Carr
, Mitcham
12:00,
25 Gorffennaf 1950
asked the Chancellor of the exchequer whether, in view of the currency restrictions which prevent British students studying at American and Canadian universities, he will consider the possibility of arranging an exchange scheme for university students with these countries.
Sir Stafford Cripps
, Bristol South East
Currency is provided for British students to take full-time courses at American and Canadian universities where an overseas course is essential to the student's career and where a comparable course is not available except in a hard currency country. Whilst it would not be appropriate for either the Ministry of Education or the Treasury to set up machinery for the purpose of arranging exchanges of university students with these countries, favourable consideration will be given to any bona fide schemes which may be submitted to the Treasury or the Bank of England by responsible educational bodies in consultation with the universities.
Mr Niall Macpherson
, Dumfriesshire
Would the Chancellor of the exchequer say who is to judge whether an overseas course is necessary to the student's career?
Sir Stafford Cripps
, Bristol South East
The person who is making the decision as to whether in that particular case foreign exchange should be made available.
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.
