§ 52. Mr. W. Shepherdasked the Chancellor of the Exchequer what percentage of our exports since the war has been made against sterling credits already held by the purchasing country and for which no return of imports may be expected.
§ Mr. DaltonExports from this country arc paid for out of the general resources of the importing country, including the proceeds of current exports to the United Kingdom, and no division such as is suggested by the hon. Member can be made.
65. Colonel Crosthwaitc-Eyreasked the Chancellor of the Exchequer the amount by which the average cost of our imports have risen, as a result of both the rise of prices in U.S.A., Argentine and other countries, and the revaluation of Swedish and Canadian currencies; and whether any action is contemplated by His Majesty's Government to offset the adverse effect of their action on our balance of payments.
§ Mr. DaltonIt is too early yet to answer the first part of the Question. We shall take such action, if any, as seems appropriate to the situation as it develops.