§ 44. Sir W. Smithersasked the Chancellor of the Exchequer if it is his policy to devalue the £ sterling.
§ Sir W. SmithersWill the hon. Gentleman ask his right hon. and learned Friend to make up his mind soon whether he intends to devalue in one, two or three months, and so end the uncertainty?
§ Mr. JayMy right hon. and learned Friend has already made up his mind that any such step as this is neither necessary nor desirable.