HC Deb 01 November 1949 vol 469 cc23-4W
66. Colonel Crosthwaite-Eyre

asked the Chancellor of the Exchequer to state, following devaluation, the anticipated loss of dollars to the sterling area pool in the present financial year arising from reduced receipts for the sale of raw materials to the United States of America.

Mr. Jay

These expectations depend on the course of prices and of business activity in the U.S.A., and no useful purpose would be served by attempting to give such estimates to the House.