HC Deb 12 April 1932 vol 264 cc667-8
54. Colonel WEDGWOOD

asked the Chancellor of the Exchequer whether the question of raising the price level will be discussed at Ottawa; and, if so, whether we shall or shall not be prepared with plans or proposals for reflation to the 1929 level of prices?

Mr. CHAMBERLAIN

I am not in a, position to indicate whether and in what form this particular matter will be discussed at Ottawa.

Colonel WEDGWOOD

Has the right hon. Gentleman seen the speech that was made by Mr. Stewart, in New Zealand, in which he said that the question would be raised at Ottawa, and must we understand from the right hon. Gentleman's reply that the Government have no plans in the matter, or that they do not wish to restore the 1929 price level?

Mr. CHAMBERLAIN

I understand that the agenda for the Ottawa Conferences has not yet been drawn up.

Colonel WEDGWOOD

When it is drawn up it will be able to include this question of the replacement of the 1929 price level?

Mr. CHAMBERLAIN

If that is the wish of the parties to the Conference.