§ 52. Mr. BOOTHBYasked the Chancellor of the Exchequer whether, in view of the condition of our export trade, His Majesty's Government will now take steps to facilitate the holding of an international financial conference in the near future, with the triple object of reaching a final settlement of the debt question, of exploring the methods by which all the European currency systems may be related to gold, and of providing a solution to the currency problem by the establishment, if possible, of a gold exchange standard?
§ Mr. CHURCHILLI do not think that the objects which the hon. Member has in mind, and with which I fully sympathise, can be achieved by the method he suggests.
§ Mr. BOOTHBYIs the right hon. Gentleman not of opinion that the recent 10 per cent. rise in the exchange value of sterling has had an effect on our export trade, and can he give the House an assurance that he is exploring every method of stabilising the European currencies, so as to make them more satisfactory to our exporters than they are at the present time?
§ Mr. CHURCHILLI sympathise fully with the objects which the hon. Member has in mind, and I will without cessation endeavour to advance them.