May 17, 1955 (22nd Parliament, 2nd Session)


Clarence Decatur Howe (Minister of Defence Production; Minister of Trade and Commerce)


Mr. Howe (Pori Arthur):

I have yet to know of a case where that kind of sterling is not frozen sterling. In other words, I know of no case where the United Kingdom has offered sterling that can be used in any part of the sterling area in return for purchases here. I am extremely doubtful if that offer would ever be made.

Topic:   FINAL PAYMENT, 1953-54
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