§ 4. Mr. LYONSasked the President of the Board of Trade whether he now proposes to initiate legislation to deal with 4 imports from foreign countries where there has been currency devaluation against this country?
§ Mr. RUNCIMANI have no reason to think that the home market cannot be adequately protected under existing powers.
§ Mr. LYONSMay I ask the right hon. Gentleman whether he would consider making representation to the Import Duties Advisory Committee that they should give priority treatment to those industries that are suffering from obvious unfair foreign competition by the devaluation of currency abroad?
§ Mr. RUNCIMANI have no doubt that that point will be taken into account by the Committee as and when it arises.
§ Mr. CRAVEN-ELLISCan my right hon. Friend say if the Government have come to any decision regarding their monetary policy?
§ Mr. G. BALFOURWill the right hon. Gentleman consider securing additional powers so that adequate protection can be afforded?
§ Mr. RUNCIMANNo, Sir, I do not think that it is necessary to add to the powers, which are very full.