§ 22. Mr. Roy Jenkins
asked the Chancellor of the Exchequer the value of gold imports into this country from the Soviet Union for the first and second six months of 1954, respectively.
§ Mr. R. A. Butler
Imports of gold bullion from all sources amounted in the first half of 1954 to about 9.9 million troy oz. with a value of about £123 million, of which about 1.3 million troy oz. with a value of about £16 million were imported from the Soviet Union. In the second half of 1954 imports from all sources amounted to about 6.1 million troy oz. with a value of about £76 million, but there were no imports from the Soviet Union. The hon. Member understands, I am sure, that the amount of gold imported does not necessarily correspond with the amount of gold purchased from overseas countries.