HC Deb 28 February 1973 vol 851 cc1492-3
24. Sir D. Dodds-Parker

asked the Secretary of State for Foreign and Commonwealth Affairs what action is being taken to ensure that dependent territories of the Commonwealth, which are outside the new sterling area and have not their own currency, have adequate provision for internal and external finance.

Lord Balniel

Territories within this category already have adequate provision for these purposes and no action is required by Her Majesty's Government.

Sir D. Dodds-Parker

What help will be given to the dependent territories using the currency of others if they are adversely affected by any moves in the floating of sterling?

Lord Balniel

If one of these countries is adversely affected by rate fluctuations of that kind it would certainly be one of the factors that we should take into account in determining the appropriate level of aid to the individual territory.

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