§ 53. Mr. BOOTHBYasked the Chancellor of the Exchequer whether it is the view of His Majesty's Government that the time is now ripe for the Conference of Central Banks contemplated by the Genoa Conference of 1922; and, if so, whether he is taking any steps to expedite the summoning of such a conference?
§ Mr. P. SNOWDENI would prefer, before considering this matter, to await the decisions which must shortly be taken regarding the proposal in the Report of the Committee of Experts as to the establishment of a Bank for International Settlements.
§ Mr. BOOTHBYMay we take it that the policy of the Government is the same as the policy of the last Government, that it is desirable to achieve international co-operation?
§ Mr. SNOWDENIt is impossible at the moment to know what may be the outcome of the proposal of the institution of this bank. The situation may be materially changed and, after the Report has been accepted, then we can consider the matter.