§ 63. Colonel WEDGWOODasked the Chancellor of the Exchequer whether he has observed the rise in the value of the pound and the effect such rise must have, not only on the export trade, but also on his proposal to meet the loss on the repayment of the French and American credits out of the increased value in sterling of our gold reserves; and what steps he proposes to take to reduce the value of the pound?
§ 64. Mr. ALEXANDER RAMSAYasked the Chancellor of the Exchequer if his attention has been drawn to a recent increase in the international exchange value of the pound sterling; and what steps he proposes to take to ensure that the pound sterling shall not rise to its pre-War gold parity or to such level as would be a disadvantage to the exporting trades of this country?
§ The FINANCIAL SECRETARY to the TREASURY (Major Elliot)I would refer to my right hon. Friend's remarks in the Debate on Friday, to which I have nothing to add at the present time.
§ Colonel WEDGWOODIs the right hon. and gallant Gentleman aware that in the Chancellor of the Exchequer's speech on Friday he did not indicate in the least how he was intending to reduce the value of the pound?