§ 45. Mr. ARTHUR MICHAEL SAMUELasked the Prime Minister whether he will call for an early report from the Economic Advisory Council dealing with the question of how world prices and employment are affected by the present disequilibrium of gold stocks and the distortion of the international working of the gold standard arising from the abnormal accumulations of gold in France and the United States of America?
§ The CHANCELLOR of the EXCHEQUER (Mr. Philip Snowden)The hon. Member's question raises difficult and disputed issues, international in their range. I shall not attempt within the limits of a Parliamentary answer to pass judgment upon the questions which the hon. Member has by implication raised. The Gold Delegation of the League of Nations is now conducting an international inquiry into various aspects of the gold question, and I see no purpose in duplicating that investigation.