HC Deb 07 March 1956 vol 549 c204W
Mr. Russell

asked the Chancellor of the Exchequer if he will publish in the OFFICIAL REPORT up-to-date lists of countries in the sterling area, excluding the British Commonwealth, in the dollar area, in the Organisation for European Economic Co-operation, and of those in any other currency groupings, respectively.

Mr. H. Macmillan

Yes.

Following are the lists:

1. STERLING AREA. Outside the British Commonwealth, the following territories form part of the sterling area, viz. are scheduled territories as defined in Section 1 (3) (b) of the Exchange Control Act, 1947: The British Protected States on the Persian Gulf, Burma, the Hashemite Kingdom of the Jordan, Iceland, Iraq, the Irish Republic and the United Kingdom of Libya.

2. The DOLLAR AREA as defined in the Exchange Control (Payments) Order, 1954 (S.I. 1954, No. 325), consists of:—

  1. (a) Canada and
  2. (b) The American Account Area, viz.:—
the United States of America and any territory under the sovereignty of the United States of America, Pacific Islands formerly under Japanese administration but now under United States administration, the Philippine Islands, Bolivia, Colombia, Costa Rica, Cuba, the Dominican Republic, Ecuador, Guatemala, Haiti, Republic of Honduras, Liberia, Mexico, Nicaragua, Panama, El Salvador and Venezuela.

3. The TRANSFERABLE ACCOUNT AREA Consists of:—

  1. (a) MEMBER COUNTRIES of the ORGANISATION FOR EUROPEAN ECONOMIC CO-OPERATION (O.E.E.C.) outside the sterling area:—
    1. (i) "UNISCAN" countries, viz., Denmark, Norway and Sweden.
    2. (ii) Other O.E.E.C. countries outside the sterling area, viz., Austria, Belgium, France, Greece, Italy, Luxembourg, the Netherlands, Portugal, Switzerland, Turkey and Western Germany.
(NOTE: The United Kingdom, Iceland and the Irish Republic are O.E.E.C. countries inside the Sterling Area.) and (b) all other countries which are neither in the sterling area nor the dollar area.