§ 20. Mr. Lawson
asked the, Chancellor of the Exchequer if he will now rescind the prohibition of the use of sterling finance for third country trade, introduced in November 1976; and if he will make a statement.
§ Mr. Joel Barnett
I do not think that the time has come to consider any restoration of this particular use of sterling in international trade.
§ Mr. Barnett
There is a very good reason. United Kingdom merchants and banks are already doing very nicely as the matter stands.