Belgian Francs (Exchange Rate)

Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 12 June 1945.

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Photo of Mr Alfred Edwards Mr Alfred Edwards , Middlesbrough East 12:00, 12 June 1945

asked the Chancellor of the Exchequer if he is aware that the fixed rate of exchange of 176 Belgian francs to the £ is to the disadvantage of our troops as compared with the civilians of that country; and if he will take steps to have this rate of exchange altered.

Photo of Sir John Anderson Sir John Anderson , Combined Scottish Universities

I would refer my hon. Friend to the reply which I gave to the hon. and gallant Member for the City of Chester (Major Nield) on 4th October last. The reply to the second part of the Question is in the negative.

Photo of Mr Alfred Edwards Mr Alfred Edwards , Middlesbrough East

Does the Minister not think it is unsatisfactory that our troops in liberated countries should be in a position where they cannot afford to sit down to a decent meal which the liberated people themselves can afford?

Photo of Sir John Anderson Sir John Anderson , Combined Scottish Universities

If the hon. Gentleman would be good enough to look at the answer to which I referred, he will see it is there explained that many steps are in fact taken to ensure that our troops do not suffer on account of the rate of exchange, by reason of the facilities in canteens, clubs and hostels, where they can get meals on reasonable terms.