Republic of Ireland (Sterling Balances)

Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 13 December 1949.

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Photo of Mr Ronald Ross Mr Ronald Ross , County Londonderry 12:00, 13 December 1949

asked the Chancellor of the Exchequer to what extent he anticipates that the recent officially-announced change of policy by the Government of the Irish Republic, as regards their position as a member of the sterling group, will affect this country.

Photo of Sir Stafford Cripps Sir Stafford Cripps , Bristol East

I am not clear what official statement the hon. Member has in mind; but if he is referring to the recent speech by the Prime Minister of the Irish Republic I have nothing to add to the reply given on 1st December to the hon. Member for Bury (Mr. W. Fletcher).

Photo of Professor Douglas Savory Professor Douglas Savory , Queen's University of Belfast

If the proposal is to withdraw sterling balances, may I ask the Chancellor whether he has called the attention of the Government of Eire to the losses which this country sustained in providing for their defence by means of the Royal Navy and the Royal Air Force, whereas Eire's withholding of the use of the ports caused the loss of thousands of lives and innumerable tons of shipping?

Photo of Sir Stafford Cripps Sir Stafford Cripps , Bristol East

That is a hypothetical question which I am afraid I could not answer.