§ 53. Mr. HAMMERSLEY
asked the Chancellor of the Exchequer if he will explain the arrangements by which the increased sterling value of gold in the Bank of England can be used as a set-off against the loss incurred by the Treasury in repaying the £80,000,000 borrowed to support the exchange?
I would ask my hon. Friend to await the completion of the transaction when I will make a full statement.
§ 54. Mr. HAMMERSLEY
asked the Chancellor of the Exchequer how the Bank of England are to be reimbursed for the loss made in repaying the £50,000,000 borrowed from France and the United States of America to support the exchange; and in what financial statement will this payment appear?
I would refer my hon. Friend to the answer I gave to the right hon. and gallant Gentleman the Member for Newcastle-under-Lyme (Colonel Wedgwood) on 11th February last.
§ Mr. HAMMERSLEY
Are we to take it from that reply that we shall have some financial statement made showing clearly how the Bank of England is to be reimbursed for its loss?