HC Deb 13 June 1950 vol 476 cc12-3W
Colonel Crosthwaite-Eyre

asked the Minister of Fuel and Power what are the estimates for 1950 of the gross cost in dollars to the sterling area of the operations of British oil companies; and the gross amount of various foreign currencies accruing to the sterling area as a result of these operations.

Mr. P. Noel-Baker

In the forecast of dollar expenditure in 1950 prepared last December, it was estimated that the British controlled oil companies would spend 535 million dollars in 1950 and would receive for their sales of oil outside the sterling area foreign currencies worth £330 million.

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