HC Deb 07 July 1931 vol 254 cc1909-10
49. Mr. HAMMERSLEY

asked the Chancellor of the Exchequer, in view of the fact that the financial credit of India would be assured by stabilising the value of silver at a sufficiently high price, if he will now consider the calling of an international conference to effect this aim?

The CHANCELLOR of the EXCHEQUER (Mr. Philip Snowden)

I must not be taken as agreeing to the hon. Member's premise. As I have frequently stated, I do not think His Majesty's Government is in a position to take the initiative as regards such a conference.

Mr. HAMMERSLEY

In the event of some other nation taking the initiative, would His Majesty's Government send a representative to such conference?

Mr. SNOWDEN

I believe that we have already expressed an opinion to that effect. If such a conference was convened, I think it is likely that we should be represented.

Sir W. MITCHELL-THOMSON

Am I to understand that the League of Nations Committee on the gold standard are also directing attention to the question of silver?

Mr. SNOWDEN

No.

48. Mr. DOUGLAS HACKING

asked the Chancellor of the Exchequer the conditions under which the Government proposes to give financial support to the Government of India?

Mr. SNOWDEN

I would refer the right hon. Member to the reply given by the Prime Minister to the question put to him on this subject yesterday.