§ 47. Colonel Crosthwaite-Eyreasked the Chancellor of the Exchequer what additional drain has been incurred on the sterling area dollar resources through extra provision of United States dollars to 1003 British Honduras following upon the devaluation of the British Honduras dollar, and the consequent unfavourable change in the terms of trade between Honduras and the dollar area.
§ The Chancellor of the Exchequer (Sir Stafford Cripps)It is not desirable to publish estimates of the net deficits or surpluses of individual sterling area territories with the dollar area. In the case of British Honduras, it is in any event too early to judge whether the devaluation of the British Honduras dollar has succeeded in diminishing the calls which this Colony makes on the sterling area dollar resources.
§ Colonel Crosthwaite-EyreIs the Chancellor aware that certainly in the initial stages following devalution, great hardship has been caused to British Honduras, and can he give any assurance that if this continues further resources will be made available for this Colony?
§ Sir S. CrippsI have said it is not possible so far to tell what is going to be the ultimate effect. Of course, we are keeping an eye on all these matters.