§ 123. Mr. Awberyasked the Secretary of State for the Colonies, what proportion of Malaya's sterling balances held in London will be released when her independence is achieved next month in order that she may proceed more rapidly with her social development.
§ Mr. Lennox-BoydAs stated in my reply to the hon. Member's question on the 9th July, the Federation of Malaya will continue to own and control its sterling balances after independence as it does now. It will therefore continue to be a matter for the Federation Government to decide what proportion of those balances it wishes to devote to social development.