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Wednesday, 21 September 1949

Mr FADDEN (DARLING DOWNS, QUEENSLAND) - Will the Prime Minister inform the House whether, under the latest financial agreement, India has prevailed on the British Government to include it among the countries whose access to the gold and dollar reserve of the sterling area is left to its own discretion? Have the sterling assets of the Reserve Bank of India decreased from £1,050,000,000 to £600,000,000 sterling during the year 1948-49? If so, has there been any discrimination in the treatment of the sterling balances of India and Australia ?

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