§ 64. Mr. M. Lindsayasked the Chancellor of the Exchequer the approximate value of British exports purchased against the overseas sterling balances accounts from the end of the war until October, 1951.
§ Sir A. SalterIt is impossible to distinguish between exports paid for by running down sterling balances and those paid for by other means. But if my hon. Friend will refer to Table 16 of Cmd. 8201 and Table 15 of Cmd. 8666, he will see that our total sterling liabilities to all countries did not fall but rose between the end of 1945 and either June or December, 1951.