Orders of the Day — Finance Bill

Part of the debate – in the House of Commons at 12:00 am on 23 May 1944.

Alert me about debates like this

Photo of Mr Samuel Hammersley Mr Samuel Hammersley , Willesden East 12:00, 23 May 1944

I appreciate that. I am pointing out what will happen immediately after the war. I am dealing only with the transitional period. I am pointing out that the plan does not come into force in what is described as the transitional period, and it could not do so. In fact, the plan most definitely says that it does not come into force in respect of any country unless that country is satisfied that it has means at its disposal to maintain an equilibrium in its balance of payments. The plan to my mind is of great value, in that it brings home to America the essential truth that during this transitional period the rest of the world will have to take measures of discrimination against her in order that these other countries can build up their exports in order to earn dollars.