§ 63. Colonel Crosthwaite-Eyreasked the Chancellor of the Exchequer the amount of unfunded sterling balances that have been transferred from one holder to another in each year since the end of the war.
§ Sir S. CrippsTransfers of sterling between countries or monetary areas outside the sterling area or the scheduled territories amounted to £10 million in the second half of 1948, £67 million in the year 1946 and £275 million in the year 1947. These figures are a measure of the multilateral use of sterling between countries in the non-sterling area and are not, of course, an indication of changes in the aggregate of these countries' sterling balances