HC Deb 17 September 1931 vol 256 cc1008-9
41. Mr. LEACH

asked the Chancellor of the Exchequer what amount of securities has been offered to the Government by the leading banks, insurance and investment houses, for use in defence of the pound sterling; and how much of it has been accepted?

Mr. P. SNOWDEN

No such proposal has been made.

Mr. WISE

Can the right hon. Gentleman say whether any attempt was made to discover how much might be obtainable or could be procured?

Mr. SNOWDEN

That is a question that I cannot answer.

Mr. WISE

Would the right hon. Gentleman say that the information is not available or that he refuses to answer?

Mr. SNOWDEN

I think I might say "Yes" to both those questions.

Mr. W. J. BROWN

Are we to assume from the right hon. Gentleman's reply that it is only policemen, civil servants, soldiers, sailors, and teachers who are expected to come to the aid of the State in its hour of trouble?