§ 31. Sir F. WISEasked the Under-Secretary of State for India if the Government's policy is to place the exchange on the basis of ls. 4d. (gold) at an early date owing to the fictitious character of the existing official exchange ratio at 2s.?
§ Earl WINTERTONI would refer my hon. Friend to the reply given to the hon. Member for Peckham (Mr. Dalton) on the 9th March last.
§ Sir F. WISEWould the Noble Lord consider the setting up of a Royal Commission to go into this technical matter?
§ Earl WINTERTON:Perhaps I might read the answer which I gave on the 9th March. It was as follows:
As announced by the Viceroy on the 20th January, the intention is to appoint an authoritative committee to consider the question of the rupee exchange as soon as world economic factors appear sufficiently stable to justify the formulation of a new policy."—[OFFICIAL -REPORT, 9th March, 1925;(01. 901; Vol. 181.]