§ 49. Colonel J. R. H. Hutchisonasked the Chancellor of the Exchequer what agreements exist with foreign countries or Dominions whereby their sterling balances are guaranteed in terms of gold and thus protected against any possible fluctuation in the sterling exchange rates; and what are the sums so guaranteed in each country or Dominion.
§ Sir S. CrippsI am circulating in the OFFICIAL REPORT a list of the countries with which agreements exist for exchange guarantees in terms of gold or reciprocal exchange guarantees. No such agreement has been made with any Dominion. I regret that I cannot disclose figures of the sterling holdings of other countries, to which these guarantees apply.
§ Following is the list of countries:
§ Argentine, Belgium, Belgian Congo, Brazil, Iran, Paraguay, Portugal, Sweden and Uruguay.