§ 50. Colonel WEDGWOODasked the Chancellor of the Exchequer whether he is aware of the serious effect which the rise in the value of the £ sterling relative to the currency of other countries, notably of America, is having upon our export trade; and whether he intends to take any budgetary method of preventing this rise becoming permanent?
Mr. CHAMBERLAINThe first part of the question appears to me to overstate the position but I am fully aware of the importance of watching the situation closely.
§ Colonel WEDGWOODIs there any possibility of the right hon. Gentleman taking budgetary steps to reduce the value of sterling?
§ Mr. HERBERT WILLIAMSDoes the situation not show the disadvantage of what is called a managed currency?