§ 46. Mr. LOFTUSasked the Chancellor of the Exchequer whether, under the recent agreement between the Treasuries of Great Britain, the United States, and France, countries adhering to the agreement will be permitted to take gold from 1021 the Issue Department of the Bank of England or only from such stocks as may be held by the Exchange Equalisation Fund; and whether any contraction of the currency would be involved in the former case?
§ The CHANCELLOR of the EXCHEQUER (Mr. Chamberlain)The operations which my hon. Friend has in mind concerns only the Exchange Equalisation Account. The second part of the question does not therefore arise.