§ 35. Mr. Roy Jenkinsasked the Chancellor of the Exchequer how far the decisions of the Sydney Conference took into consideration the undesirability of a move towards the convertibility of sterling before the effects of the American recession have worked themselves out.
§ Mr. MaudlingI would refer the hon. Member to the statement made to the House by my right hon. Friend on 2nd February.
§ Mr. JenkinsWill the hon. Gentleman impress upon the Chancellor who, unfortunately, is not here, the undesirability of proceeding with any step of this sort while we are so worried about the effect which the American recession may have upon us?
§ Mr. MaudlingIf the hon. Gentleman is fortunate enough to catch your eye, Mr. Speaker, this afternoon, he will have another opportunity of pressing upon my right hon. Friend the undesirability of doing anything before it ought to be done.