§ 77. Mr. Craven-Ellis
asked the Chancellor of the Exchequer what steps are being taken to remove the causes which compelled the establishment of the Exchange Equalisation Account; and is there any possibility of this Account being increased in the future?
§ The Financial Secretary to the Treasury (Lieut.-Colonel Colville)
In reply to the first part of the question, I would refer 35 to the reply which my right hon. Friend gave to my hon. Friend the Member for Blackpool (Mr. R. Robinson) on 16th November, to which he has nothing to add. In reply to the second part, the aggregate amount which may be issued to the Account is fixed from time to time by statute. It was increased by £200,000,000 by the Exchange Equalisation Account Act, 1937, which became law on 6th July.