§ 41. Mr. Walter Fletcherasked the Chancellor of the Exchequer what amount of sterling is involved in the renewal of the Financial Agreement with the Government of Egypt, originally signed in June, 1947; and to what extent our unrequited exports will be affected by this Agreement.
§ Sir S. CrippsFinancial negotiations with Egypt are still in progress and I am not yet in a position to make any statement about them.
§ Mr. FletcherWill the Chancellor bear in mind that this considerable handicap to our economic recovery is no longer justified, and will he see that in any arrangements which he is initiating this economic recovery takes precedence over old war debts?
§ Sir S. CrippsWe shall bear all material matters in mind.