§ Dr. Broughtonasked the President of the Board of Trade what was the value in dollars of exports of woollen textiles to hard currency markets in each of the years 1945 to 1951, inclusive.
§ Mr. P. ThorneycroftThe countries regarded as hard currency markets have not been the same throughout the period 1945–51, but the dollar area has been consistently a hard currency area. United Kingdom exports to the present dollar area of woollen and worsted yarns and manufactures have been as follows:
U.S.$ million. 1945 … … … … 25.9 1946 … … … … 39.3 1947 … … … … 54.6 1948 … … … … 90.9 1949 … … … … 82.8 1950 … … … … 89.2 1951 … … … … 116.8 The rates of exchange used in the above table were £1 = $4.03 from 1945 to the end of September, 1949, and —1 = $2.80 from October, 1949.