Sterling Convertibility

Part of Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 29 July 1947.

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Photo of Mr Hugh Dalton Mr Hugh Dalton , Bishop Auckland 12:00, 29 July 1947

I have tried to put the answer very plainly to the hon. Gentleman's Question. No special problem arises with regard to moneys drawn from the Fund as distinct from the general problem of sterling currently accruing. Sterling drawn from the fund is sterling currently accruing.