§ 61. Mr. Platts-Millsasked the Chancellor of the Exchequer, in view of the devaluation of the pound, what additional amount of sterling will be required to repay the American loan granted in 1946.
§ 67. Sir F. Sandersonasked the Chancellor of the Exchequer how the payment will be made of principal and interest on the loan given to Britain in 1946 by the United States of America, the first repayment of which falls due in 1952, the same year as Marshall Aid ends, which amounts to approximately £40 million at the pre-valuation rate of exchange, and is in excess of the indicated exports to the United States of America in 1949.
§ Mr. JayThis, like other payments, can be made only by increasing our dollar earnings and reducing our dollar expenditure.