HC Deb 15 July 1947 vol 440 cc19-20W
52. Colonel Crosthwaite-Eyre

asked the Chancellor of the Exchequer the total of Egyptian sterling assets at the latest convenient date and at 31st December, 1946; and what was the highest figure and the date at which these assets have stood.

Mr. Dalton

£385 million on 31st March, 1947, £395 million on 31st December, 1946, and £405 million on 31st March, 1946. These totals are for Egypt and the Sudan combined.

53. Colonel Crosthwaite-Eyre

asked the Chancellor of the Exchequer to state the action taken by His Majesty's Government to ensure that moneys transferred from Egyptian to Egyptian transferable accounts are not made convertible to effect payments outside the sterling area.

Mr. Dalton

Payment from Egyptian transferable accounts will be limited to payments for current transactions.

54. Colonel Crosthwaite-Eyre

asked the Chancellor of the Exchequer if he has any estimate of the value of exports under confirmed credits to Egypt which would be saleable for cash elsewhere if the confirmed credits were withdrawn.

Mr. Dalton

No, Sir.