§ 50. Mr. R. Robinson
asked the Chancellor of the Exchequer whether the Exchange Equalisation Account is to be regarded as a permanent instrument of financial policy; and if not, whether he can give any indication of the period during which its operations are expected to continue?
§ Sir J. Simon
As my hon. Friend will see from Section 24 (2) of the Finance Act, 1932, which set up the Exchange Equalisation Account, due provision was made for winding up the Account when it is no longer required. It is not possible to make any forecast as to when this condition will be fulfilled.