HC Deb 29 April 1947 vol 436 c1719
47. Sir W. Smithers

asked the Chancellor of the Exchequer what is the present position of the Exchange Equalisation Fund; where are the assets; what is their value: and what use is being made of them.

Mr. Glenvil Hall

As regards the first three parts of the Question, I have nothing to add to the reply given to the hon. Member on 10th December last. As regards the last part, I would refer him to Section 63 of the Finance Act, 1946.

Sir W. Smithers

Will the right hon. Gentleman assure the House that none of the assets of the Exchange Equalisation Fund are being used to finance the disastrous policy of Socialism? Could I have an answer?

Mr. Glenvil Hall

I have answered the Question on the Order Paper.

Sir W. Smithers

The right hon. Gentleman has not answered my question.

Mr. Glenvil Hall

If the hon. Member thinks that the question he has now put deserves a considered answer, I hope he will put it on the Order Paper.