§ Mr. Pethick-Lawrenceasked the Chancellor of the Exchequer what currency is being issued by the Allied Forces in Germany; and what is the rate of exchange between such currency and sterling.
§ Sir J. AndersonAllied Forces in Germany are using Allied military marks circulating at par with the Reichsmark. The rate of exchange used for military purposes, including computing the pay of troops, has been provisionally fixed in agreement with the United States authorities at 40 marks to one pound and 10 marks to one dollar. We have, of course, kept in touch with the Soviet authorities throughout. No decision has yet been 749W taken regarding the general rate of exchange for the Reichsmark against the pound and the dollar.