§ 63. Lieut.-Colonel Sir WALTER SMILESasked the President of the Board of Trade if he will take powers to establish, as an emergency measure, a clearing-house system on the lines advised by the London Chamber of Commerce?
§ Dr. BURGINThe proposals of the London Chamber of Commerce together with other suggestions for dealing with the difficulties arising out of exchange controls are under discussion, but I cannot at present indicate what action His Majesty's Government will find it expedient to take. In this connection I would refer my hon. Friend to the reply given on 20th October to the hon. 504 Member for the Platting Division of Manchester (Mr. Chorlton).
§ Sir W. SMILESWould not this scheme be of great assistance in providing dollars to pay our debts to America?
§ Sir ARTHUR MICHAEL SAMUELMay I ask the hon. Gentleman whether he is satisfied that the scheme will be workable?