HC Deb 18 December 1956 vol 562 c1073
5. Mr. Hunter

asked the Chancellor of the Exchequer whether the oil imports from the United States of America will be paid for in sterling or dollars.

Mr. H. Macmillan

In dollars.

Mr. Hunter

In order to preserve our gold and dollar reserves, will the right hon. Gentleman endeavour to arrange with the American Government to pay for our oil imports in sterling?

Mr. Macmillan

No, Sir. I tried to deal with this matter in my statement of 4th December. As I then adumbrated, I have taken a number of measures to protect and support sterling. I cannot add at the moment to what I then said.