Foreign Loans and Export Credits

HC Deb 13 July 1943 vol 391 c27

49. Miss Ward

asked the Chancellor of the Exchequer whether, in view of the importance of our export trade to this country, he can clarify the position with regard to future policy in foreign loans and export credits and make a statement on financial commitments and understandings with any nations which may restrict trade between this country and other nations of the world?

Sir K. Wood

I would refer my hon. Friend to my statement on 2nd February, in which I outlined the policies which seem desirable for the encouragement of international trade and finance.

Miss Ward

Am I right in assuming that the House of Commons is always going to be informed of what goes on behind the scenes between the Treasury and the world?

Sir K. Wood

I think that that would be a very dangerous procedure.

Miss Ward

May I ask whether my right hon. Friend can enter into commitments without the House of Commons being aware of it?

Sir K. Wood

I would refer my hon. Friend to the constitutional authority.

Mr. Stokes

Will the right hon. Gentleman remember his categorical assurance about not returning to gold?