| Description | The Committee's membership and terms of reference are in the note of 28 February 1950. The files range much more widely to include Government papers on the United Kingdom's (UK) balance of payments, many memoranda on the sterling balances, cheap sterling, sterling policy, the European Payments Union, Exchange Control, Commodity Markets, the possibility of convertibility (from March 1950) and waivers on the United States (US) and Canadian loans. Also a floating exchange rate, March 1951; revaluation, April; gold; the International Monetary Fund (IMF) and Exchange Restrictions, September; and the Commonwealth Conference, January 1952. |