HC Deb 01 May 1950 vol 474 c165W
Mr. Mitchison

asked the Chancellor of the Exchequer what revaluation payments have been made to other countries and international organisations, to the latest convenient date, following the devaluation of the pound.

Mr. Gaitskell

Revaluation payments to the end of March have been as follows:

£ million
Belgium and Belgian Congo 5.1
British Honduras 0.1
Brazil 9.9
France 0.3
Paraguay 0.2
Persia 10.9
Peru 1.1
Portugal 27.4
Switzerland 1.2
Uruguay 4.9

These payments have all been made from the Exchange Equalisation Account. In addition, the following payments have been made out of the Consolidated Fund:

£ million
International Monetary Fund 148.0
International Bank for Reconstruction and Development 25.4

A special payment of £600,000 to Brazil has also been made from moneys voted by the House in March.