HC Deb 25 January 1949 vol 460 c93W
69. Major Lloyd

asked the Chancellor of the Exchequer whether the foreign purchasing with sterling of wool, subsequently sold at a loss for dollars, has now ceased.

Sir S. Cripps

I cannot say that such transactions have definitely ceased but we are taking all possible steps to prevent them and with the increasing strength of sterling the incentive to them should diminish.