HC Deb 27 June 1961 vol 643 c28W
82. Captain Orr

asked the Minister of Power what proportion of the total imports of oil to the United Kingdom is paid for in dollars.

Mr. George

It is not practicable to provide these figures. Since the advent of external convertibility at the end of 1958 many foreign currencies are now freely convertible for current account transactions, and it is no longer possible to identify the payments for oil imports which ultimately involve a dollar liability.

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