§ 51. Mr. PETHICK-LAWRENCEasked the Chancellor of the Exchequer whether in view of the fall which has taken place during the last four years in the general level of wholesale commodity prices, he proposes to take any action, in concert with the financial committee of the League of Nations, with a view to assisting in the maintenance of greater price stability in the future?
§ Mr. CHURCHILLAs I have previously informed the hon. Member, the Council of the League has requested the Financial Committee to consider in what way the League of Nations could most usefully assist in the study of the problem of undue fluctuations in the purchasing power of gold. A wide measure of international co-operation would obviously be required before any action could be taken in the matter, and His Majesty's Government will await with interest any views 1395 which the League of Nations or its Financial Committee may express on the subject.
§ Mr. PETHICK-LAWRENCEIs the right hon. Gentleman doing what he can to promote this inquiry by the League and to give them every assistance in his power?
§ Mr. CHURCHILLYes, Sir.