§ 56. Colonel Crosthwaite-Eyreasked the Chancellor of the Exchequer why it is the policy of His Majesty's Government to insist on payment in sterling for exports to the Argentine; and what steps are taken to limit the number of accounts from which such sterling may be drawn.
§ Sir S. CrippsIn accordance with the Economic Agreement of 17th September, 1946, trade with Argentina both ways is in sterling, now as in the past. Payments for exports to Argentina can be made from approved accounts only.
§ Colonel Crosthwaite-EyreDoes that mean that all our imports from the Argentine are now paid for in sterling?
§ Sir S. CrippsYes, Sir, it means that the account is kept in sterling both ways.