§ Mr. Hirstasked the Chancellor of the Exchequer what change there has been in the policy announced by his predecessor in dealing with the dollar securities which were pledged when the loan from the Reconstruction Finance Corporation was contracted and released when that loan was repaid.
§ Mr. R. A. ButlerI have no intention at present of making any radical change in the policy announced by my predecessor of retaining these securities in Treasury ownership. I have, however, made certain minor changes in the portfolio from time to time. I shall be arranging for the sale during the next few months of about $15 million worth of these securities on the London market, and I may make similar sales from time to time in the future.