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U.S. Silver Import

Part of Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 11 March 1947.

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Photo of Mr Oliver Crosthwaite-Eyre Mr Oliver Crosthwaite-Eyre , New Forest and Christchurch 12:00, 11 March 1947

Can the Chancellor say how much of this silver is for export to India? Is it not a fact that we are paying dollars for silver for export to India, and that it is then paid back by the liquidation of sterling balances?

Chancellor

The Chancellor - also known as "Chancellor of the Exchequer" is responsible as a Minister for the treasury, and for the country's economy. For Example, the Chancellor set taxes and tax rates. The Chancellor is the only MP allowed to drink Alcohol in the House of Commons; s/he is permitted an alcoholic drink while delivering the budget.