§ 52. Mr. Caryasked the Chancellor of the Exchequer whether, following the passage of the Lease-Lend Act, he will consider consulting the American Government as to the desirability of making substantial modifications in the law relating to the holding and use of dollar currency by British nationals in the United States of America and also inquire into the advisability of creating generally a freer exchange of currency between Great Britain and the United States of America?
§ Captain CrookshankNo, Sir. I must emphasise the fact that, notwithstanding the passage of the Lease-Lend Act, our overseas commitments to be met in gold or dollars remain very large. It therefore remains essential to our war effort that our exchange resources should be conserved to the maximum degree, and that the Exchange Control regulations should be strictly complied with by all concerned.