§ 56. Sir W. Smithersasked the Chancellor of the Exchequer if he will make a detailed statement of the negotiations held and decisions taken by His Majesty's Government since the announcement of the devaluation of the franc in foreign exchange and gold dealings.
§ Sir S. CrippsSince I left Paris, technical conversations have been proceeding between the French experts and our own, in a spirit of the fullest collaboration. As a result of these conversations, and with the agreement of the French authorities, the Treasury have made an order which is designed to ensure that movements of sterling in French hands are made through accounts closely controlled by the French Government or the government of any other part of the French franc area. This order has been laid before the House and comes into effect today; copies are available in the Vote Office.
§ Sir W. SmithersWould it not be more healthy for all concerned if His Majesty's Government would face facts as the French have done and dispel this haze of Socialist make-believe as soon as possible?
§ Sir S. CrippsNo, Sir.