HC Deb 15 October 1946 vol 427 c154W
Sir J. Mellor

asked the Chancellor of the Exchequer what is the purpose of proviso (b) in Article 2 of the Blocked Accounts (Authorised Investments) Order, 1946 (S.R. & O., 1946, No. 1598).

Mr. Dalton

By limiting the investment of blocked sterling to securities of not less than ten years' life, the proviso postpones the date at which, under current practice, exchange must be found for the transfer of the funds.