HC Deb 25 February 1931 vol 248 cc2132-3
80. Captain CAZALET

asked the Chancellor of the Exchequer whether the Treasury has studied the scheme submitted by certain economists by which a certain percentage of our debt to the United States of America shall be paid in silver at the current market price of silver; and what are their views on the suggestion?

Mr. P. SNOWDEN

I am afraid that I am not clear to what scheme the hon. and gallant Member is referring.

Captain CAZALET

Can the right hon. Gentleman say whether His Majesty's Government and the United States Government have taken or intend to take any steps to stabilise the position in regard to silver in view of the great importance of this matter to our Eastern market.

Mr. SNOWDEN

That is certainly not a question which arises out of the question on the Paper.