HC Deb 20 November 1952 vol 507 cc180-1W
Mr. W. R. A. Hudson

asked the President of the Board of Trade the amount paid in gold to the European Payments Union in respect of imports of fondant, sugar/fat mixtures and piping jelly during the year ended 31st December, 1951.

Mr. Mackeson

Over any given period the gold payable to or receivable from the European Payments Union by the United Kingdom depends upon the cumulative surplus or deficit of the United Kingdom with the Union during that period. I regret that I am unable to say over any such period what part of the gold paid to (or credit receivable from) the European Payments Union, or, conversely, the gold received from (or credit extendable to) the Union, it would be proper to attribute to any particular import or export.

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