HC Deb 24 March 1955 vol 538 c2264
40 . Mr. Roy Jenkins

asked the Chancellor of the Exchequer to what extent the Exchange Equalisation Account is still supporting the free market for sterling.

Mr. Maudling

It would not be in the public interest for me to disclose the operations of the Exchange Equalisation Account.

Mr. Jenkins

Are we at any stage to be given an estimate of how much in gold and dollars this operation has cost the Exchange Equalisation Account?

Mr. Maudling

We publish regularly figures of the movement of gold and dollar reserves, but it has never been and never will be the practice to disclose the operations of the Exchange Equalisation Account, because that would not be in the public interest.

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