§ 63. Colonel Crosthwaite-Eyreasked the Chancellor of the Exchequer what action is taken by His Majesty's Government to ensure that countries to whom transferable sterling facilities are granted do not abuse those facilities.
§ Sir S. CrippsIf there is any reason to believe that a member of the transferable account area is abusing the facilities which it offers, the matter is taken up with the country concerned. In the last resort the remedy is to remove the offending country from the transferable account area.
§ Colonel Crosthwaite-EyreIn view of that answer, may I ask the Chancellor of the Exchequer what he has done in the case of Egypt?
§ Sir S. CrippsWe have taken steps to see that there is no abuse of the rights granted.
§ Colonel Crosthwaite-EyreDoes the Chancellor of the Exchequer mean that the luxury imports from America, which that country is receiving, are not considered an abuse?
§ Sir S. CrippsNo, Sir. They are not considered an abuse of the transferable account.