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Historical documents

50 Strahan to Chifley

Memorandum CANBERRA, 19 August 1949



Report on London Financial Conference

I am directed to refer to the discussion which took place in
Cabinet today in relation to the above subject.

Cabinet approved that the other Governments represented at the
London Conference of Commonwealth Finance Ministers be informed
that Australia agreed to reduce its demands in respect of dollar
imports on the resources of the sterling area by a proportion
equal to that already announced by the United Kingdom.

The dollar import cuts approved on 3rd August, 1949, by the
Cabinet Sub-Committee on Dollar Imports [1] were noted and this
Cabinet Sub-Committee was authorised to proceed with the review of
quarterly dollar import licensing budgets within the framework of
the general policy approved by Cabinet.

Cabinet appointed a Sub-Committee consisting of the Prime Minister
and Treasurer, Attorney-General and the Minister for Post-War
Reconstruction to explore the question of alternative dollar

Secretary to Cabinet

[AA: A2700, VOL. 38]

1 A cut of A10.1m c.i.f was made in the previously adopted
maximum of A61.5m c.i.f for the licensing year 1949-1959.

Last Updated: 11 September 2013
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