HC Deb 21 May 1952 vol 501 c60W
Dr. Broughton

asked 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. Thorneycroft

The 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.