HC Deb 06 December 1949 vol 470 cc1701-2
45. Mr. Hardy

asked the Chancellor of the Exchequer what treatment, consequent upon the alteration in the exchange, value of sterling, is to be accorded to remittances by missionary and charitable societies to enable them to carry on their work in hard currency countries.

Sir S. Cripps

Missionary and charitable societies already working in the hard currency countries, namely, Canada, American account countries, the Belgian Monetary Area, and Switzerland will be allowed to increase their sterling remittances so as to provide themselves with approximately the same amounts of foreign currency as they would have received but for the recent alteration in the relevant rates of exchange.

Mr. Pickthorn

May I ask whether for this purpose "charitable societies" includes trusts sending scholars and fellows to American and Canadian Universities?

Sir S. Cripps

I would like notice of that Question. I should think very likely it does.