§ Resolution reported,
§ "That it is expedient to increase from one hundred and fifty million pounds to three hundred and fifty million pounds the aggregate amount which may be issued to the Exchange Equalisation Account out of the Consolidated Fund."
§ Motion made, and Question proposed, "That this House cloth agree with the Committee in the said Resolution."
§ 9.28 p.m.
§ The FINANCIAL SECRETARY to the TREASURY (Mr. Hore-Belisha)I do not imagine the House will wish to be detained upon this Motion to increase the Exchange Equalisation Fund from £150,000,000 to £350,000,000. The Chancellor of the Exchequer explained to the House, when it was in Committee, the full reasons why this additional sum was required, and the Second. Reading of the Bill, which will be founded upon the Resolution, will be taken to-morrow. If my hon. Friends opposite have any further questions to ask, I promise to give them full consideration over tonight and to answer them to-morrow.
§ 9.29 p.m.
§ Sir S. CRIPPSWe gave our reasons in the Committee stage of this Resolution for our disapproval of it, and we only propose to-night to divide on the Report. It is unnecessary to elaborate what those reasons were, but I may say that the course of the exchanges since those reasons were given have tended to confirm us in that disapproval, and we shall state them on the Second Reading of the Bill.
§ Question put, "That this House cloth agree with the Committee in the said Resolution."
§ The House divided: Ayes, 175; Noes, 27.
1331| Division No. 159.] | AYES. | [9.31 p.m. |
| Acland-Troyte, Lleut.-Colonel | Baldwin, Rt. Hon. Stanley | Bowyer, Capt. Sir George F. W. |
| Apsley, Lord | Barclay, Harvey. C. M. | Braithwaite, J. G. (Hillsborough) |
| Asks. Sir Robert William | Beaumont, Hon. R.E.B. (Portsm'th, C.) | Brass, Captain Sir William |
| Atkinson, Cyril | Bird, Ernest Roy (Yorks., Skipton) | Broadbent, Colonel John |
| Brocklebank, C. E. R. | Hudson, Robert Spear (Southport) | Ramsay, Capt. A. H. M. (Midlothian) |
| Brown. Col. D. C. (N'th'ld, Hexham) | Hume, Sir George Hopwood | Ramsay, T. B. W. (Western Isles) |
| Buchan-Hepburn, P. G. T. | Hunter, Dr. Joseph (Dumfries) | Rea, Walter Russell |
| Burghley, Lord | Hunter-Weston, Lt.-Gen. Sir Aylmer | Held, William Allan (Derby) |
| Burgin, Dr. Edward Leslie | Hutchison, W. D. (Essex, Romford) | Rentoul, Sir Gervals S. |
| Burnett, John George | Inskip, Rt. Hon. Sir Thomas W. H. | Robinson, John Roland |
| Campbell, Edward Taswell (Bromley) | James, Wing-Com. A. W. H. | Ropner, Colonel L. |
| Campbell, Vice-Admiral G. (Burnley) | Jesson, Major Thomas E. | Rosbotham, Sir Samuel |
| Caporn, Arthur Cecil | Jones, Lewis (Swansea, West) | Ross, Ronald D. |
| Clarry, Reginald George | Kerr, Lieut.-Col. Charles (Montrose) | Runge, Norah Cecil |
| Clayton Dr. George C. | Lamb, Sir Joseph Quinton | Rutherford, Sir John Hugo (Liverp'l) |
| Cochrane, Commander Hon. A. D. | Law, Richard K. (Hull, S.W.) | Samuel, Sir Arthur Michael (F'nham) |
| colville, Lieut.-Colonel J. | Leck[...]e, J. A. | Samuel, Samuel (W'dsworth, Putney) |
| Conant, R. J. E. | Leech, Dr. J. W. | Sandeman, Sir A. N. Stewart |
| Cooke, Douglas | Lees-Jones, John | Sanderson, Sir Frank Barnard |
| Craddock, Sir Reginald Henry | Leighton, Major B. E. P. | Scone, Lord |
| Craven-Ellis, William | Levy, Thomas | Selley, Harry R. |
| Crooke, J. Smedley | Lindsay, Noel Ker | Shaw, Helen B. (Lanark, Bothwell) |
| Davidson, Rt. Hon. J. C. C. | Llewellin, Major John J. | Shaw, Captain William T. (Forfar) |
| Davies, Edward C. (Montgomery) | Lockwood, John C. (Hackney, C.) | Smith, Bracewell (Dulwich) |
| Despencer-Robertson, Major J. A. F. | Lovat-Fraser, James Alexander | Somervell, Donald Bradley |
| Dower, Captain A. V. G. | MacAndrew, Lieut.-Col. C. G.(Partick) | Soper, Richard |
| Drewe, Cedric | MacAndrew, Capt. J. O. (Ayr) | Southby, Commander Archibald R. J. |
| Duncan, James A. L.(Kensington,N.) | McCorquodale, M. S. | Spears, Brigadier-General Edward L. |
| Eales, John Frederick | MacDonald, Rt. Hon. J. R. (Seaham) | Spencer, Captain Richard A. |
| Ellis, Sir R. Geoffrey | MacDonald, Malcolm (Bassetlaw) | Spens, William Patrick |
| Elliston, Captain George Sampson | McLean, Dr. W. H. (Tradeston) | Stevenson, James |
| Elmley, Viscount | Macmillan, Maurice Harold | Storey, Samuel |
| Emmott, Charles E. G. C. | Magnay, Thomas | Strauss, Edward A. |
| Emrys-Evans, P. V. | Makins, Brigadier-General Ernest | Strickland, Captain W. F. |
| Erskine, Lord (Weston-super-Mare) | Mander, Geoffrey le M. | Sueter, Rear-Admiral Murray E. |
| Evans, Capt. Arthur (Cardiff, S.) | Margesson, Capt. Rt. Hon. H. D. R. | Sugden, Sir Wilfrid Hart |
| Fleming, Edward Lascelles | Martin, Thomas B. | Summersby, Charles H. |
| Foot, Dingle (Dundee) | Mayhew, Lieut.-Colonel John | Tate, Mavis Constance |
| Foot, Isaac (Cornwall, Bodmin) | Merriman, Sir F. Boyd | Thomas, James P. L. (Hereford) |
| Ford, Sir Patrick J. | Mills. Major J. D. (New Forest) | Thomson, Sir Frederick Charles |
| Fremantle, Sir Francis | Mitchell, Harold P.(Br'tf'd & Chlsw'k) | Thorp, Linton Theodore |
| Ganzon[...], Sir John | Moreing, Adrian C. | Turton, Robert Hugh |
| Glossop, C. W. H. | Morris, Owen Temple (Cardiff, E.) | Vaughan-Morgan, Sir Kenyon |
| Goodman, Colonel Albert W. | Morris-Jones, Dr. J. H. (Denbigh) | Wallace, John (Dunfermline) |
| Gower, Sir Robert | Morrison, William Shephard | Ward, Lt.-Col. Sir A. L. (Hull) |
| Griffith, F. Kingsley (Middlesbro', W.) | Moss, Captain H. J. | Ward, Irene Mary Bewick (Wallsend) |
| Grimston, R. V. | Muirhead, Major A. J. | Whiteside, Borras Noel H. |
| Hacking, Rt. Hon. Douglas H. | Munro, Patrick | Whyte, Jardine Bell |
| Hanley, Dennis A. | Nall-Caln, Hon. Ronald | Wills, Wilfrid D. |
| Hannon, Patrick Joseph Henry | Nation, Brigadier-General J. J. H. | Windsor-Clive, Lieut.-Colonel George |
| Hartland, George A. | Nunn, William | Wise, Alfred R. |
| Haslam, Sir John (Bolton) | O'Donovan, Dr. William James | Womersley, Walter James |
| Headlam, Lieut.-Col. Cuthbert M. | Palmer, Francis Noel | Wood, Sir Murdoch McKenzie (Banff) |
| Hellgers, Captain F. F. A. | Penny, Sir George | Worthington, Dr. John V. |
| Heneage, Lieut.-Colonel Arthur P. | Percy, Lord Eustace | Young, Rt. Hon. Sir Hilton (S'V'noaks) |
| Herbert, Capt. S. (Abbey Division) | Petherick, M. | |
| Hills, Major Rt. Hon. John Waller | Peto, Geoffrey K. (W'verh'pt'n, Bllst'n) | TELLERS FOR THE AYES.— |
| Hore-Belisha, Leslie | Pike, Cecil F. | Captain Austin Hudson and Major |
| Hornby, Frank | Potter, John | George Davies. |
| Howard, Tom Forrest | Procter, Major Henry Adam | |
| NOES. | ||
| Attlee, Clement Richard | Greenwood, Rt. Hon. Arthur | McEntee, Valentine L. |
| Batey, Joseph | Grenlell, David Rees (Glamorgan) | Maxton, James |
| Brown, C. W. E. (Notts., Mansfield) | Hall, George H. (Merthyr Tydvil) | Owen, Major Goronwy |
| Cocks, Frederick Seymour | Hirst, George Henry | Parkinson, John Allen |
| Cripps, Sir Stafford | Jones, Henry Haydn (Merioneth) | Tinker, John Joseph |
| Daggar, George | Jones, Morgan (Caerphilly) | Williams, Edward John (Ogmore) |
| Davies, Rhys John (Westhoughton) | Lansbury, Rt. Hon. George | Williams, Thomas (York, Don Valley) |
| Dobb[...]e, William | Lawson, John James | |
| Evans, Capt. Ernest (Welsh Univ.) | Logan, David Gilbert | TELLERS FOR THE NOES.— |
| Evans, R. T. (Carmarthen) | Lunn, William | Mr. Charles Edwards and Mr. John. |
Question put, and agreed to.
§ Bill ordered to be brought in upon the said Resolution by the Chancellor of the Exchequer and Mr. Hore-Belisha.