Washington Declaration (Balance of Payments)

Oral Answers to Questions — Trade and Commerce – in the House of Commons at 12:00 am on 20 March 1952.

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Photo of Mr Charles Fletcher-Cooke Mr Charles Fletcher-Cooke , Darwen 12:00, 20 March 1952

asked the President of the Board of Trade what measures have been taken by the United States authorities to implement the Ten-Point Washington Declaration of September, 1949, signed by representatives of the United States, Canadian and British Governments, by which the United States and Canadian Governments undertook to examine ways and means by which the United Kingdom would be enabled to earn more dollars.

Photo of Mr Peter Thorneycroft Mr Peter Thorneycroft , Monmouth

It would be difficult to cover so wide and important a subject as this by way of Question and answer, but I am grateful to my hon. Friend for emphasising, by calling attention to the terms of the joint communiqué, that a balance of international payments can be achieved only if both the creditor and debtor nations contribute to a solution.