§ 56. Colonel Crosthwaite-Eyreasked the Chancellor of the Exchequer, in view of the Paris agreement what is the revised estimate for the current financial year of releases from sterling balances.
§ The Economic Secretary to the Treasury (Mr. Douglas Jay)Technical arrangements for the financing of deficits out of existing sterling holdings have not yet been completed. I can, however, say that at any rate the greater part of this financing will be from unrestricted sterling accounts where no question of releases comes in.