Major D. DAVIESasked the Chancellor of the Exchequer whether his attention has been directed to the proposal to make progressive purchases of gold in order to increase the gold reserve; and what action he proposes to take in the matter?
Mr. CHAMBERLAINIf the hon. and gallant Member refers to the gold reserve against Currency Notes, I would refer him to the Currency Note Returns, from which926W it will be seen that purchases of bank notes, against which the Bank of England holds gold, are being made.