§ 43. Captain WATERHOUSEasked the Chancellor of the Exchequer the estimated expenditure for the current financial year in terms of the wholesale price level of 1920?
§ The CHANCELLOR of the EXCHEQUER (Mr. Chamberlain)In view of the numerous different elements of which the Budget expenditure is composed I do not think it would be possible to make any useful calculation of the kind suggested by my hon. and gallant Friend.