§ 45. Mr. CLOUGHasked the Prime Minister whether any parts of the British Empire and, if so, how many, have regulated their own rates of exchange; and whether there is any general policy governing official procedure in this matter?
§ Mr. BONAR LAW (Leader of the House)The general policy of His Majesty's Government as regards the non-self-governing Colonies and Protectorates is, as far as possible, to maintain stability of exchange in relation to sterling, unless there be a clear balance of advantage to the Colony in linking up its exchange with the currency system of some other area.