§ Colonel Crosthwaite-Eyreasked the Chancellor of the Exchequer under which clauses of the Financial Agreements between His Majesty's Government and the Royal Egyptian' Government releases from sterling balances totalling £80,000,000 were made between 14th July, 1947, and 1st February, 1948; and the amounts released under each clause.
§ Sir S. CrippsThe information asked for is contained in the following statement:
Under Agreement of 30th June, 1947 £ Article I (2) 6,056,268 Article IV (1) (a) 8,000,000 Article IV (2) (b) 1,488,044 Article V 12,000,000 Annexe—Paragraph 6 (a) 8,055,000 Annexe—Paragraph 8 300,000 Annexe—Paragraph 10 1,822,262 Sundries (adjustment for errors in initial release; items in transit over zero date) 455,875 Under Agreement of 5th January. 1948. Article III (new Article IV (1) (a)) 21,000,000 Article IV 11,000,000 Not specified in Agreements. Additional increase in working balance to bring provision for confirmed credits up to £15 million 8,943,732 Cover for payments from £E non-resident accounts raised by sale of sterling which was subsequently affected by blocking 1,025,000 80,146,181