§ 40. Lieutenant-Colonel Sir NORTON GRIFFITHSasked the Chancellor of the Exchequer what is the correct value of securities in respect of property of all kinds in other countries which have been sold or pledged by the Treasury during the War for the purpose of financing imports and maintaining rates of exchange?
§ Mr. BALDWIN (Joint Financial Secretary to the Treasury)The nominal value of securities bought for the purpose of maintaining foreign exchange is approximately £223,390,000, and the nominal value of securities deposited under the Treasury schemes is approximately £404,000,000. It has not been necessary to use all these securities.