HC Deb 27 March 1947 vol 435 c1401
56. Mr. Osborne

asked the Chancellor of the Exchequer what negotiations have been commenced to re-value Australian and New Zealand £'s. and to put them on parity with English £'s; and if he has any statement to make.

The Financial Secretary to the Treasury (Mr. Glenvil Hall)

None, Sir.

Mr. Osborne

Does that short answer mean that the purchasing power of the Australian and New Zealand £ has depreciated by 50 per cent, the same as in this country since 1938?

Mr. Glenvil Hall

I am answering the Question on the paper, and the answer is "None, Sir."