§ 69. Colonel Crosthwaite-Eyreasked the Chancellor of the Exchequer with how many countries methods of payment of trade balances are now governed by bilateral agreements concluded by His Majesty's Government; and what percentage of the value of exports from this country in 1948 went to these countries.
§ Mr. JayI assume the hon. and gallant Member refers to agreements providing for settlement of balances in gold or dollars. These agreements now number six, and in 1948 12 per cent. of our exports went to the countries concerned.