§ 66. Mr. Gammansasked the Chancellor of the Exchequer if he will give an estimate of the loss of dollar exchange since devaluation owing to the fall in the dollar price of rubber from' Malaya.
§ Mr. JayThe dollar price of rubber is now rather higher than the level ruling in July and August. The question of any loss of dollar exchange since devaluation does not, therefore, arise.
§ Mr. GammansIs it not a fact that the dollar value of rubber has gone down since immediately before devaluation, and was this taken into account when the Government were estimating what would be the effects of devaluation?
§ Mr. JayAt the moment the dollar price is rather lower than immediately before devaluation but higher than in July and August.