§ Mr. Arthur Lewis
asked the Chancellor of the Exchequer whether, as a means of encouraging firms and individuals to earn and conserve foreign currency, he will introduce a system of sterling tax-free discounts to be paid to British companies and nationals who deposit foreign currencies with British banks; and whether he will study the Australian system of incentives to exporters with a view to introducing this system into Great Britain.
§ Mr. Diamond
All United Kingdom residents are already required to offer for sale to an authorised dealer all specified foreign currencies. The Government are reviewing all the ways of helping British exporters consistent with our international obligations.