§ 59. Major MILNERasked the Financial Secretary to the Treasury how much gold has been imported from India since Great Britain went off the Gold Standard?
§ Mr. HORE-BELISHAThe total value of gold (bullion and coin) imported into Great Britain and Northern Ireland from India since 21st September, 1931 (when the Gold Standard was suspended), to 9th December, 1932 (inclusive), was £67,501,216. A small proportion of these imports in the form of British sovereigns is valued at par and the rest at the commodity value of gold. The figures of course give no indication of the final destination of this gold.
§ Major MILNERCan the hon. Gentleman say how that amount compares with the amount for the previous period?
§ Mr. HORE-BELISHANo, Sir, but I shall be most happy to give the hon. Member that information if he will put down a question.