HC Deb 08 November 1949 vol 469 c104W
72. Mr. Hollis

asked the Chancellor of the Exchequer if he will make a statement as to the instructions he gave to the Bank of England prior to devaluation to approach the Central Bank of the Argentine on the action to be taken by the Argentine in the event of the devaluation of the pound.

Sir S. Cripps

None other than the general understanding that the Bank of England would approach the Central Banks of all countries enjoying revaluation guarantees with a view to their implementation.