§ 65. Mr. THORNEasked the Chancellor of the Exchequer the reasons why the Treasury have been using the Equalisation Fund Account to prevent a drastic decline in the exchange value of the French currency; and whether a profit or loss was made on those transactions?
Mr. CHAMBERLAINNo special transactions have been undertaken, the fund being concerned only with its ordinary business of minimising fluctuations in sterling.
§ Mr. THORNEWhen you are using the Equalisation Fund for these purposes. do you have any consultation with the Bank of England or with any representatives of the Bank of England?