23 JUNE 1950, Page 5
The additional £5 which Sir Stafford Cripps is granting to
motorists taking their cars abroad will ease matters substantially, and the concession must be counted to him for righteousness— though the owner of a medium-sized car who wants to go as far as the south of France will not find that £15 covers his petrol. And the Chancellor can well afford to give the extra allowance, in view of his quite shameless decision that, though he has fixed the rate of the £ as 2.80 dollars for all other purposes, 150 dollars are worth only £50 when it is a question of currency for tourists. • * *