§ 56.Mr. Tilneyasked the Chancellor of the Exchequer what plans he has to aid exporters of goods which will not be available for export till after 1st April, 1968, and the contracts for which were already signed prior to the devaluation of the £ sterling.
§ Mr. Darling:I have nothing to add to the reply the Financial Secretary to the Treasury gave to the hon. Member on 8th December.—[Vol. 755, c.411–2]
§ 57.Mr. Tilneyasked the Chancellor of the Exchequer what plans he has to aid British merchants, trading in West African commodities, who are unable to protect themselves from the devaluation of the British £ sterling.
§ Mr. Roy Jenkins:I understand that the Bank of England have now offered loans of up to £5 million to assist those commodity traders who will sustain losses as a result of having bought commodities in the non-devalued currencies of Nigeria, Tanzania and Uganda, and sold in sterling.
§ 62. Mr. Martenasked the Chancellor of the Exchequer if he will make a statement on the overall effects so far of devaluation.
§ Mr. Roy Jenkins:No. It is far too soon to assess the overall effects.
§ 65. Mr. van Straubenzeeasked the Chancellor of the Exchequer what proposals he has for dealing with the effects of devaluation on students studying abroad.
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§ Mr. Diamond:The amount remittable for fees for tuition, accommodation, etc., charged by educational institutions abroad in the local currency will be automatically adjusted where the exchange rate is changed. I do not propose any general change in other allowances.