HC Deb 03 May 1948 vol 450 cc103-4W
Colonel Crosthwaite-Eyre

asked the Chancellor of the Exchequer what action has been taken by His Majesty's Government to ensure that exporters from this country of goods sent to sterling area or soft currency countries for subsequent transhipment to hard currency countries, surrender the hard currency ultimately received to the Treasury.

Sir S. Cripps

The exporter of any goods to any place abroad for transhipment therefrom to a country outside the scheduled territories is required to surrender with the export entry a form C.D.3 showing a method of payment approved under the Exchange Control Act in respect of that country of ultimate destination as shown in the entry. Steps are subsequently taken to see that payment is duly received in the prescribed currency and is surrendered.