§ 45. Mr. MABANE
asked the Chancellor of the Exchequer whether there is any agreement between the financial authorities of this country and the financial authorities of France with regard to the maintenance of the sterling-franc exchange stable for the time being?
§ Mr. HORE-BELISHA
I would refer my hon. Friend to the reply I gave him yesterday when I indicated that I could not undertake to define the objectives in currency policy within the limits of a reply to a Parliamentary question. There is no agreement of the kind suggested between the financial authorities of the two countries.
§ Mr. MABANE
May we take it that the maintenance of the sterling exchange at 86 to the £ is purely accidental?