§ Mr. GaitskellI wish to make a statement regarding the undrawn balance of the credit of 1,250 million dollars which the Canadian Government made available to the United Kingdom in May, 1946, and which expires on 31st December, 1951. Of this credit, 65 million dollars have not been used and drawings have been suspended since last June. Following discussion in Ottawa between the United Kingdom High Commissioner and the Canadian Government, His Majesty's Government have decided that they will not draw any further on this credit. The Canadian Government were so informed yesterday.
I am sure the House will wish to join me in expressing once again our warmest appreciation of the spirit which prompted the Canadian Government and people to afford us this very generous measure of help in our time of need and so to speed our economic recovery in the last four years.