§ 43 and 44. Mr. CHORLTONasked the Chancellor of the Exchequer (1) whether he has considered the resolution sent to him from the Federation of British Industries urging His Majesty's Government to encourage proposals for raising the value of silver in relation to gold; and what reply he proposes to make;
764 (2) whether he is aware that any artificially stimulated rise in the price of silver without a corresponding increase in prices of world commodities would reduce China's export trade, restrict her purchasing power, and cause financial difficulties to China and her trade; and will he confer with the China Association before encouraging proposals for raising the value of silver except in accordance with the process of supply and demand?
§ Mr. HORE-BELISHAThe various views taken on the silver problem, including those alluded to in the questions, will receive careful consideration; but my right hon. Friend does not think it would be desirable to make any further statement pending the discussions on the matter which are taking place at the World Monetary and Economic Conference.