THE CHANCELLOR OF THE DUCHY OF LANCASTER (LORD PAKENHAM)
My Lords, I beg to move that the Clearing Office (Spain) Amendment Order, 1947, dated March 31, 1947, made by the Treasury under Sections 1 and 3 of the Debts Clearing Offices and Import Restrictions Act, 1934, a copy of which Order was presented on April 3, be approved. This Order comes to the House from the Special Orders Committee who are of opinion that it cannot be passed by the House without special attention, but that no further inquiry is necessary before the House proceeds to a decision on the Resolution to approve the said Order. The proposed Order terminates, as from April 8, 1947, the Anglo-Spanish Clearing Agreement which was originally established in 1936 and was re-established in 1940. It brings it to an end in view of the fact that the purposes of that clearing arrangement, in particular the liquidation of debts, have now been achieved.
§ Moved, That the Special Order, as reported from the Special Orders Committee on Tuesday last, be approved.—(Lord Pakenham.)
§ On Question, Motion agreed to.