HC Deb 22 June 1937 vol 325 cc1017-8
45. Mr. Montague

asked the Prime Minister whether, in view of the apprehension expressed by leading economic authorities that a period of depression will succeed the present upward tendencies of trade, particularly at the end of the armament and building booms, he will appoint a Royal Commission or other suitable body to examine the facts and propose, in advance, measures of public works and possible financial adjustments that might serve to counteract the feared economic reaction?

The Prime Minister (Mr. Chamberlain)

I would refer the hon. Member to the answer which I gave on Wednesday last in reply to a question by the Junior Member for the English Universities (Mr. E. Harvey). I do not think that the appointment of a Royal Commission would serve any useful purpose.

Mr. Montague

Is the Prime Minister aware of the fact that leading Members of his own Government express extreme concern about the situation, and is he prepared to wait until the thing happens? What is he going to do in advance?

The Prime Minister

If the hon. Member will be kind enough to look at the answer to which I have referred, he will see that the matter is already under the consideration of the Government.