Oral Answers to Questions — National Finance. – in the House of Commons at on 9 September 1941.
Commander Robert Bower
, Cleveland
asked the Chancellor of the exchequer whether he is aware that, owing to currency control, many British children evacuated to the United States of America are partly, or entirely, dependent on American charity for their support, whereas a number of American citizens are in a like situation in this country; and whether he will enter into negotiations with the United States authorities with a view to reciprocal action to end this state of affairs?
Sir Kingsley Wood
, Woolwich West
No, Sir. I am not aware of any currency regulations preventing remittances to American citizens in this country, so that no question of reciprocity could arise.
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.
