Sterling Balances

Oral Answers to Questions — India – in the House of Commons at 12:00 am on 12 October 1944.

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Photo of Mr Robert Boothby Mr Robert Boothby , Aberdeenshire and Kincardineshire Eastern 12:00, 12 October 1944

asked the Secretary of State for India whether he has considered the effect upon the sterling balances now held in London by India of the Government's declaration in favour of the principle of non-discrimination so far as commercial and currency agreements are concerned; and whether the Government of India has been consultated on this subject.

Photo of Lieut-Colonel Leo Amery Lieut-Colonel Leo Amery , Birmingham Sparkbrook

As regards the first part of the Question, I would refer my hon. Friend to the answer given him by my right hon. Friend the Chancellor of the Exchequer on Tuesday last. As regards the second part, the Government of India were consulted about the Mutual Aid Agreement and the Currency Agreement and were represented by their own delegation at Bretton Woods.

Photo of Mr Robert Boothby Mr Robert Boothby , Aberdeenshire and Kincardineshire Eastern

Does my right hon. Friend realise that it is really impossible to make out, from the Chancellor's answer to my Question and from his speech, what the policy of the Government is?