HC Deb 29 March 1960 vol 620 c110W
60. Mr. F. Harris

asked the Secretary of State for the Colonies, in view of the lack of confidence in Kenya, following the London conference, and the fact that approximately £1 million a week is being transferred out of Kenya, what action he proposes to take to restore financial stability and confidence in Kenya.

Mr. Alport

There is no evidence whatever available to the Government that £1 million a week or anything like this sum is being transferred from Kenya. The East African Currency Board estimates that since the seasonal outflow of money began at the start of 1960 telegraphic transfers from all East Africa, including Kenya, have been only about £800,000, compared with about £2½ million in the same period in 1959.

My right hon. and noble Friend the Minister of State for Colonial Affairs made clear yesterday the Government's views on maintaining stability and confidence in Kenya.