HC Deb 19 April 1934 vol 288 cc1114-5
22. Mr. CRAVEN-ELLIS

asked the Chancellor of the Exchequer if his attention has been drawn to an appeal for an immediate investigation by Parliament of the fundamental principles which should govern our monetary system; and can he state what action he proposes to take thereon?

Mr. CHAMBERLAIN

I would refer to the answer given on the 11th April by the Financial Secretary to the hon. and gallant Member for Ardwick (Captain Fuller).

Mr. CRAVEN-ELLIS

Does my right hon. Friend appreciate that the whole world is looking to Great Britain to bring about a settlement of monetary policy; and, if a Parliamentary Committee is not acceptable, will he call representatives of the British Empire together to discuss this question?

Mr. CHAMBERLAIN

There does not appear to be any question on which the whole world does not look to Great Britain.

Mr. CRAVEN-ELLIS

Having regard to the fact that foreign exchanges are so involved and upset and are interfering with international trade, is it not essential that we should have a settlement of this monetary question?

Mr. BOOTHBY

Does not the right hon. Gentleman think that his present policy is very satisfactory to all concerned?