Sterling Debts

Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 28th July 1949.

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Photo of Mr Ernest Marples Mr Ernest Marples , Wallasey 12:00 am, 28th July 1949

asked the Chancellor of the Exchequer how much sterling as at 30th June, 1949, did we owe to each of our creditor countries.

Photo of Mr Douglas Jay Mr Douglas Jay , Battersea North

I would refer the hon. Member to the reply which I gave on 21st September last to the hon. and gallant Gentleman the Member for New Forest and Christchurch (Colonel Crosthwaite-Eyre).

Photo of Mr Ernest Marples Mr Ernest Marples , Wallasey

Is the hon. Gentleman aware that that answer was a most unsatisfactory one, and if he cannot give figures for individual countries, will he give the figures for the main area?

Photo of Mr Douglas Jay Mr Douglas Jay , Battersea North

We already give the figures for the totals in the Balance of Payments White Paper every six months.

Photo of Viscount  Hinchingbrooke Viscount Hinchingbrooke , Dorset Southern

Are the Government considering proposals which have been made in some quarters that, with safeguards to ourselves in the administration of the dollars arising, these credits might be negotiated with the United States?

Photo of Mr Douglas Jay Mr Douglas Jay , Battersea North

That is quite a different question.