§ Mr. RHYS DAVIESasked the Chancellor of the Exchequer what steps the Government propose to take to give effect to the recommendations of the Macmillan Committee on Finance and Industry?
Mr. CHAMBERLAINCertain of the recommendations of the committee relating to domestic matters are under consideration and will be pursued. But in view of the far-reaching changes which have taken place since their report was published it will be obvious that no immediate action can be taken at this time to give effect to the majority of the recommendations, which assumed the existence of the Gold Standard as the basis of a common monetary policy among all the great nations acting in concert.