§ 62. Mr. CHORLTONasked the Secretary to the Overseas Trade Department the progress made in arriving at means to overcome frozen remittances now proving such a handicap to our foreign trade?
§ Lieut.-Colonel J. COLVILLE (Secretary, Overseas Trade Department)The extent of the difficulties created by exchange restrictions and the best means of alleviating them are being examined in consultation with a joint committee of banking, commercial and industrial representatives. In some countries commercial balances, formerly frozen, can now be used on certain conditions for financing exports, in some others negotiations and inquiries are in progress and assistance continues to be rendered in numerous individual cases through His Majesty's representatives abroad
§ Mr. CHORLTONWhen is the Committee likely to report?
§ Lieut.-Colonel COLVILLEThe Committee has been sub-divided to examine various districts, and all the reports will not come in at once, but I can assure the hon. Member that the investigations are being 'actively pressed on.