HC Deb 23 February 1932 vol 262 c210
50. Colonel WEDGWOOD

asked the Chancellor of the Exchequer what other methods, other than the maintenance of a high Bank rate, are being used in order to acquire dollar currency to repay the loan from America?

Mr. CHAMBERLAIN

There is nothing which I can usefully add, to my previous statements in relation to this matter.

Colonel WEDGWOOD

Is the right hon. Gentleman aware of the universal opinion in business circles that there should be free purchase of foreign exchanges and free right to export capital from this country; and is he aware of the injury to our export trade due to the embargo on foreign loans?

Mr. CHAMBERLAIN

It would be very rash to assume that there is a universal opinion on any subject.

Colonel WEDGWOOD

The universal opinion, as exhibited by the City of London on this subject.

Mr. HANNON

Is not that an extremely foolish question?