§ Mr. Bruce-Gardyneasked the Chancellor of the Exchequer what were the spot rates for the £ sterling against the United States dollar on the 139th day after the application of deflationary measures on 19th September, 1957, 25th July, 1961, and 20th July, 1966, respectively.
47W
§ Mr. Callaghan$2.8111/16, $2.813/32, and $2.7827/32 respectively.
As I explained in the debate on Economic Affairs on 1st December, there is no valid comparison between these dates.
§ Mr. Bruce-Gardyneasked the Chancellor of the Exchequer what consultations he has had or intends to have with foreign Governments or central banks about the provision of additional contingency support for sterling against pressures arising from Her Majesty's Government's decision to seek United Nations mandatory sanctions against Rhodesia; and what assurances he has received about access to existing contingency support in the event of a deterioration of the United Kingdom balance of payments resulting from the Rhodesian situation during 1967.
§ Mr. CallaghanNone.