I cannot at present say whether I shall be able to make any statement on this matter before the Adjournment.
Until I saw the statement in the Press this morning, I had never heard of such a suggestion.
§ Mr. SMITHERS
Can the right hon. Gentleman say whether it is the policy of His Majesty's Government not to repudiate in any event?
§ 51. Mr. LAMBERT
asked the Chancellor of the Exchequer the amounts due in sterling to America during the present financial year calculated at the present rate of exchange?
At the rate of $3.98½ to £1, the amounts are £19,059,000 on 15th June, 1933, and £29,528,000 on 15th December, 1933, or approximately £48,600,000 in all.
§ Mr. HAMMERSLEY
Can the right hon. Gentleman indicate what savings have been made by reason of the decision of the United States Government to accept gold obligations in paper dollars?