Foreign Travel Allowance (Dollar Countries)

Part of Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 18 February 1954.

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Photo of Mr Reginald Maudling Mr Reginald Maudling , Barnet 12:00, 18 February 1954

I would be most anxious to provide exchange travel facilities and exchange for travellers to all parts of the world, but we have to have regard to the dollar balance of payments, and, in the present state of the dollar reserves, it would not be justifiable to have a dollar travel allowance.