§ 55. Colonel Crosthwaite-Eyreasked the Chancellor of the Exchequer if arrangements have now been completed whereby payment of imports into this country from Japan are made in sterling.
§ Mr. DaltonDiscussions on this subject are still proceeding in Washington.
§ Colonel Crosthwaite-EyreCan the Chancellor give any indication when the pledge given by his colleague, the President of the Board of Trade, will be implemented in view of the very severe drain on our fast diminishing dollar resources?
§ Mr. DaltonThe hon. Gentleman should not assume that they are fast diminishing. We are anxious to reach a con- 193 clusion as soon as we can, but when discussions are going on with another Government it is not possible to fix in advance the date of their termination.