HC Deb 29 June 1948 vol 452 c2000
46. Colonel Crosthwaite-Eyre

asked the Chancellor of the Exchequer, in view of the financial help given by Canada to this country during the war and in the immediate post-war period, what action is being taken by His Majesty's Government to help Canada in her present difficulties to balance her system of payments.

Sir S. Cripps

His Majesty's Government are fully conscious of the help given by Canada in meeting the Canadian dollar deficiency with the United Kingdom, and are taking every opportunity of increasing exports of United Kingdom goods to Canada.

Colonel Crosthwaite-Eyre

If the Government are so well aware of what Canada has done for us, why are they keeping frozen the 300 million Canadian dollars which were promised to Canada for redevelopment in that country and have come to us principally by way of Estate Duty?

Sir S. Cripps

I am not aware of what the hon. and gallant Gentleman has stated, I am afraid.