§ Major NATHANasked the Chancellor of the Exchequer Whether he has under consideration proposals for checking the present fall in commodity prices by readjustment of the part played by gold in international payments or otherwise?
§ Mr. P. SNOWDENThe implications of the hon. Member's question raise difficult issues ranging far beyond this country. I fear that we need in the first instance more general agreement between authorities in all important countries both as to the causes of the recent fall in world prices and as to the extent to which that fall can be and should be counteracted by monetary adjustments.