§ Sir W. Smithers
asked the Chancellor of the Exchequer the size of our adverse balance on current account for the period January-August, 1947; what was the magnitude of our national drawings on the American and Canadian Loans; and if he will give details of the capital transfers in categories, of unrequited exports, payments in respect of the deficit on current account of the sterling area as a whole, other than the United Kingdom, and straightforward net conversion of pounds into dollars.
§ Mr. Dalton
The United Kingdom adverse balance on current account with the rest of the world is provisionally estimated at £350 million in the first six months of 1947. The corresponding figure for the third quarter is not yet available. In the period January-August, 1947, drawings on the U.S. Loan were £682 million, and on the Canadian Loan £65 million. In reply to100W the rest of the Question, I am collecting such figures as are available and will circulate them in the OFFICIAL REPORT