§ 48. Mr. W. Shepherd
asked the Chancellor of the Exchequer the extent to which movements of funds have caused the recent serious drain on our gold and dollar reserves; and what steps he is taking to restrict these movements.
§ Mr. R. A. Butler
I am not sure what my hon. Friend has in mind. If he is referring to movements of funds held on accounts in the name of residents of the dollar area, I must ask him to await the details which will be published in the next Balance of Payments White Paper. Pending clarification of the issue involved I am not in a position to answer the last part of the Question.