§ 60. Mr. SUMMERSBY
asked the Chancellor of the Exchequer whether, in view of the importance of money as a commodity and the substantial dependence of British trade upon the monetary policy of the country, he will consider taking steps to impose a measure of Government control upon the operations of the Bank of England?
No, Sir. The Government have no such intention. In practice there is consultation as necessary between the Bank of England and the Treasury.
§ Mr. SUMMERSBY
Does the right hon. Gentleman realise that the rise or fall of British exports depends very largely on the value of the £?