§ 55. Lieut.-Colonel Lipton
asked the Chancellor of the Exchequer how much of the American defence aid to this country of $300 million for the period to 30th June next he estimates will be unused by that date.
§ Mr. Boyd-Carpenter
The full amount of $300 million will be committed for specific purchases from the dollar area by 30th June. The actual accrual of dollars to the United Kingdom is, however, tied to the delivery of goods so purchased. I hope that by 30th June we may collect as much as two-thirds of the dollars allotted to us for United States fiscal year 1951–52, and we should receive the balance within a few months thereafter.