HC Deb 11 July 1950 vol 477 cc1138-9
50. Mr. Osborne

asked the Chancellor of the Exchequer if he will consider publishing as a matter of urgency how much of the increase of 180 million gold and dollar reserves for the last quarter arises from the United Kingdom trade: and how much from the trade of the remainder of the sterling area.

Sir S. Cripps

The increase in our gold and dollar reserves was 438 million dollars in the second quarter of this year. I have nothing to add at present to my statement of 5th July, but the balance of payments White Paper will give the usual analysis in due course.

Mr. Osborne

But since the Chancellor knows the White Paper may not be issued until about October, and that the real interest in this statement will then be lost, could an approximate figure be given to the House?

Sir S. Cripps

No, I am afraid it would not be possible to give an accurate approximation.

Mr. Nicholson

Does that figure include the figure of gold and dollar reserves held by the Exchange Equalisation Fund?

Sir S. Cripps

Perhaps the hon. Member will put that question on the Order Paper.