Dollar Resources (Purchases)

Part of Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 28 January 1947.

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Photo of Mr Hugh Dalton Mr Hugh Dalton , Bishop Auckland 12:00, 28 January 1947

I have more than once tried to explain that the question, as now put, does not admit of an answer, because the proceeds of the credit from the United States Government cannot be separated from dollars earned by us in the course of trade. I have tried, therefore, to meet the House and give the information the hon. Member wishes, which is not how the expenditure of the dollar loan, taken separately, is composed, but how the total expenditure, including dollars earned by British traders, is made up.