§ 46. Mr. Liddallasked the Chancellor of the Exchequer whether he will put forward the suggestion, as a solution of the gold confusion, that the countries still on the Gold Standard should agree among themselves and afterwards with the British Empire and the United States of America, to abandon the Gold Standard and form a two-currency system, one a dollar system a and the other a sterling system, subject to an undertaking by the British Empire and the United States of America to keep a fixed ratio between sterling and the dollar, preparatory to a later return to the Gold Standard after gold has stabilised itself naturally at its market price, as a commodity, by the operation of supply and demand?
§ Mr. LiddallWill the right hon. Gentleman say why?
§ Sir J. SimonI think that the proposal would prove to be impracticable.