HC Deb 19 December 1952 vol 509 cc283-4W
Mr. Jay

asked the Chancellor of the Exchequer whether, in view of the official announcement broadcast by Mr. Menzies on 16th December, that the recent Commonwealth Conference agreed on clear-cut and constructive proposals to achieve partial convertibility of sterling, and as this was not recorded in the Conference communiqué, Command Paper No. 8717, he has any statement to make.

Mr. R. A. Butler

All I can add to my answers to the right hon. Gentleman the Member for Leeds, South (Mr. Gaitskell) on 18th December. is to say that future developments depend upon the outcome of the consultations mentioned in paragraphs 20–22 of the communiqu¹. These, by their nature. must take some time.