§ 56. Mr. MORLEYasked the Chancellor of the Exchequer if he will consider the early abandonment of the gold exchange standard and the substitution for it of a managed paper currency on such a basis as to reduce the burden of the National Debt on the Exchequer and the burden of fixed charges upon industry?
Mr. SNOWDENNo, Sir; the suggested remedy would, I am afraid, produce evils far worse than those it was designed to cure.
§ Mr. MORLEYWill the Chancellor of the Exchequer consider the alternative policy of imposing a special tax on incomes derived from War Debt investments?
§ Mr. HAMMERSLEYWill the Chancellor of the Exchequer say if any legislation has been passed, or regulations agreed to, which would interfere with the freedom of this country at a later date in regard to the gold standard?
§ Mr. HAYCOCKIs it not a fact that we have not a gold standard at all, but a dollar standard?