HC Deb 13 November 1945 vol 415 cc1915-6
56. Colonel Erroll

asked the Chancellor of the Exchequer whether he will, in consultation with the other Governments concerned, revise the official rates of exchange for sterling in the different countries of Europe so that they may accord more closely with the true currency values prevailing in each territory.

Mr. Dalton

No, Sir. Any such consultations should, in my view, be initiated by the other Governments concerned..

Colonel Erroll

Is not the right hon. Gentleman aware that the present rates are a hardship to the occupying forces and do clothing to prevent inflation, and cannot we take the initiative instead of leaving it to other Governments?

Mr. Dalton

It is a very delicate matter to make such suggestions to foreign Governments.

Mr. Charles Williams

I presume the Government always leave it to others to take the initiative?