§ 48. Mr. W. Shepherdasked 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. ButlerI 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.