HC Deb 01 February 1934 vol 285 cc562-3W

asked the Chancellor of the Exchequer what progress has been made in consultations regarding the proposed Empire monetary and economic policy, as laid down in the declaration of 27th July last after the World Economic Conference?


The principles laid down in the joint declaration by the British Commonwealth Delegations have continued to govern the monetary and financial policy of this country and of the other signatory Governments since last July, and have undoubtedly contributed to maintain the remarkable steadiness of the Inter-Imperial Exchange rates which has prevailed during that time. Generally speaking, the recovery in the Dominions with the exception of the Irish Free State has kept pace with that which is manifest in the United Kingdom. No occasion has yet arisen for further consultation.