Part of Oral Answers to Questions — Trade and Commerce. – in the House of Commons on 6th December 1938.

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Photo of Hon. Oliver Stanley Hon. Oliver Stanley , Westmorland

The hon. Member appears to be under some misapprehension. Payments between this country and Germany are not subject to a clearing arrangement, so that the question of a credit balance in London accruing out of a commercial or payments agreement with Germany does not arise.