§ 46. Mr. COCKSasked the Chancellor of the Exchequer if he will give a list of the countries which are no longer on the Gold Standard?
§ Major ELLIOTIt is shorter to give a list of countries remaining on gold. There is no clear and unequivocal test of adherence to the Gold Standard. If it means unrestricted convertibility of the currency into gold or gold exchange, combined with the free export of gold, I doubt whether any countries except the United States, France, Belgium, Holland, Switzerland, and possibly South Africa, can conform to the test. But there are, of course, several countries which maintain their currencies within, say, 1 per cent, of gold parity by prohibiting dealings at any other rate.