57. Mr. Q. J. Williamsasked the Chancellor of the Exchequer what has been the effect of the rise in prices in the U.S.A. on the purchasing power of the dollar; and to what extent it is estimated that this has reduced the value of the U.S. Loan.
§ Mr. DaltonI would refer my hon. Friend to my reply to the hon. Member for Moseley (Sir P. Hannon) on 17th December last. Since then, United States wholesale prices have risen by about 5 per cent.