Egypt (Sterling Holdings)

Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 28th July 1959.

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Photo of Sir John Barlow Sir John Barlow , Middleton and Prestwich 12:00 am, 28th July 1959

asked the Chancellor of the Exchequer what are the present Egyptian sterling credits in London; and how much has been repaid since the agreement signed on 28th February, 1959.

The Chancellor of the Exchequer (Mr. Derick Heathcoat Amory):

It is not the practice to give details of the sterling holdings of individual countries, or of transactions on their accounts. I am afraid that I cannot therefore add to the information I gave the House on 16th March last.