§ Mr. RHYS DAVIESasked the Chancellor of the Exchequer whether he has considered the representations from the Cotton Trade League, urging His Majesty's Government not to agree to any international arrangement for the stabilisation of currencies that does not include Japan, and that in any such arrangement it shall be insisted that the Japanese yen be pegged at its par value of 2s. 0½d. to the £ sterling; and what answer, if any, has been tendered to these representations?
Mr. CHAMBERLAINIf arty arrangements for the stabilisation of currencies were to be proposed, all relevant factors would be borne in mind, but the question is not one which arises at the present time.