HC Deb 11 December 1947 vol 445 c225W
61. Colonel Crosthwaite-Eyre

asked the Chancellor of the Exchequer whether in those cases where trading accounts with other countries are kept in terms of sterling, His Majesty's Government have arranged with those countries for any debit or credit balance on current transactions to be held in sterling.

Mr. Glenvil Hall

As regards countries with which we have Payments Agreements, the normal arrangements provide for settlements in sterling.