§ 30. Mr. Craven-Ellisasked the Chancellor of the Exchequer whether equilibrium, as expressed in the British Empire Currency Declaration of 27th July, 1933, has yet been established; and if so, what steps does he propose to take to stabilise the position thus attained?
§ The Financial Secretary to the Treasury (Captain Euan Wallace)The answer to the first part of the question is in the negative, and the second part, therefore, does not arise.
§ Mr. Craven-EllisWhat steps are being taken to reach equilibrium?
§ Captain WallaceThe whole of the economic and financial policy of the Government is directed to that end.
§ Mr. Craven-EllisHow much longer is is going to take, because it is now seven years since this Declaration?
§ Captain WallaceThat depends on a number of factors beyond our control.