§ 1. Colonel WEDGWOODasked the Secretary of State for India what representations he has received from India as to the devaluation of the rupee in view of the devaluation of the dollar?
§ The UNDER-SECRETARY of STATE for INDIA (Mr. Butler)I have received a copy of a resolution passed on the 13th November by the Bombay Cotton Brokers' Association, Limited, on the subject.
§ Colonel WEDGWOODCan the hon. Gentleman say whether the resolution has been passed owing to the depreciation of sterling in terms of dollars?
§ Mr. BUTLERI have not a copy of the resolution with me.
§ Mr. HAMMERSLEYIs it not a fact that there has been, practically speaking, no considerable fall, or no appreciable fall whatever, in the price of cotton in Bombay?
§ Mr. BUTLERThat question does not really arise, but I believe that is the case.