HC Deb 25 March 1958 vol 585 cc205-6
14. Mr. Cronin

asked the Chancellor of the Exchequer the policy of Her Majesty's Government with regard to the unification of sterling-dollar rates of United States account, transferable and security sterling, in view of the recent close approximation of these rates.

Mr. Amory

I have nothing to add to the various statements made by my predecessors on this subject.

Mr. Cronin

If the right hon. Gentleman is tempted to define these rates, will he at least recollect the serious harm which was done when the Lord Privy Seal, in 1955, tried to liberalise sterling-dollar exchange?

Mr. Amory

I am satisfied with the present policies of Her Majesty's Government, which still are and have been in pursuance of the objectives followed by my predecessors.