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U.K. Gold Balances, Norway and Czechoslovakia

Part of Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 5 August 1947.

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Photo of Mr Oliver Crosthwaite-Eyre Mr Oliver Crosthwaite-Eyre , New Forest and Christchurch 12:00, 5 August 1947

But can the Chancellor say how this is, in view of the fact that we have very favourable balances with both these countries on trading accounts and, under the payments agreements, gold should be laid aside under these conditions?

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.