§ 59. Colonel Crosthwaite-Eyreasked the Chancellor of the Exchequer what future exchange facilities are offered, under existing regulations, by the Bank of England for the help of exporters and importers; in what currencies such facilities are obtainable; and what is the longest period forward for which the Bank of England is prepared to accept or make delivery of foreign currency.
§ Mr. DaltonThe Bank of England normally provide forward exchange cover for imports arid exports up to six months in the following currencies:—U.S. dollars, Canadian dollars, French francs, Swiss francs, Swedish kronor, Dutch florins, Belgian francs, Danish kroner, Norwegian kroner, Portuguese escudos. This satisfies the bulk of traders requirements. Transactions falling outside these arrangements are considered on their merits. But traders are encouraged to invoice in sterling and so avoid any exchange risk.