At meeting at Commonwealth Relations Office 13th February High
Commissioners requested that Chancellor of Exchequer should take
early opportunity reviewing present balance of payments question
in particular with view to giving atmosphere for likely future
developments to High Commissioners. I made suggestion because I
felt that as result of announcements last week and their effect on
stock exchanges and opinion it was important to have such
discussion with Cripps to supplement statistical work being done
by Sterling Area Committee. Would appreciate your telegraphing any
lines of enquiry you would like pursued with Cripps.