HARD CURRENCY EARNED BY SINGAPORE AND FEDERATION OF MALAYA

Mr R. Jumabhoy asked the Financial Secretary if he will state the combined or respective hard currency earnings of Singapore and the Federation of Malaya for the years 1952, 1953 and 1954, what amount was allowed to be spent by Singapore importers, whether the Colony derives any direct benefit by handing its hard currency earnings to the United Kingdom, and whether such earnings are credited at the current market rate so that Singapore and the Federation can benefit thereby.

Mr T. M. Hart: It is regretted that it has not been possible to collect the necessary information within the time available. The answer will be tabled at the next meeting of the Legislative Assembly.