§ 55. Colonel Crosthwaite-Eyreasked the Chancellor of the Exchequer the number of special accounts recognised by the Bank of England under paragraph 3 (b) of S.R. & O., No. 1785, dated 20th August, 1947.
§ Sir S. CrippsNone, Sir. The Treasury Order referred to ceased to have effect on 1st October. It was in effect replaced by S.R. & O., 1947, No. 2072, under which six accounts are so recognised.
§ Colonel Crosthwaite-EyreCan the Chancellor say why the particular category of six accounts had to be instituted for one particular South American country?
§ Sir S. CrippsThey were instituted under this Act for the purposes of the regulation set out in the regulation which instituted them.
§ Colonel Crosthwaite-EyreWhile I thank the Chancellor for that most illuminating answer, may I ask him why this particular South American country has been selected for this treatment?
§ Sir S. CrippsNo, Sir, I would not be prepared to say that.