§ 50. Colonel Crosthwaite-Eyreasked the Chancellor of the Exchequer for what reason His Majesty's Government have made a grant of £2,000,000 of hard currencies to the Burmese Government.
§ Sir S. CrippsNo such grant has been made. I assume that the hon. and gallant Member is referring to the recent Agreement under which the Government of Burma may purchase up to £2 million of hard currencies from the central reserves between July and December of this year, to meet her essential needs. Burma is a member of the sterling area.
§ Colonel Crosthwaite-EyreCan the right hon. and learned Gentleman say with what form of currency Burma pays for this hard currency?
§ Sir S. CrippsBurma will presumably pay in sterling.