§ 73. Colonel Crosthwaite-Eyreasked the Chancellor of the Exchequer the amount of sterling balances released to members of the European Payments Union to the latest convenient date.
§ Mr. GaitskellAs announced yesterday, approximately £5.8 million has been used by other members to settle their deficits with the Union up to 30th September, 1950. In addition, £14.6 million was used by France to repay debt to the U.K.
§ 74. Colonel Crosthwaite-Eyreasked the Chancellor of the Exchequer if he will state, at the latest convenient date, the total, respectively, of blocked and unblocked sterling balances.
§ Mr. GaitskellOn 30th June, 1950, rather under £1,300 million was held on accounts restricted under agreements, and rather under £2,200 million on unrestricted accounts.