§ 30. Sir W. Smithersasked the Chancellor of the Exchequer if he will now state the amount of Marshall Aid to be received by the United Kingdom in the period beginning July, 1949, and, of this, how much is gift and how much loan.
§ The Economic Secretary to the Treasury (Mr. Douglas Jay)No, Sir. The amount of E.R.P. aid that may be made available to the United Kingdom in the period beginning July, 1949, is not yet known; nor is it known what, if any, proportion of such assistance would be in the form of a loan rather than grant.
§ Sir W. SmithersIs not the Economic Secretary aware that the necessity for the continuance of Marshall Aid is mainly due to the presence of a Socialist Government in Great Britain?