§ Captain MOREINGasked the Chancellor of the Exchequer what is the present position regarding the shipment of gold from Australia to India and the sale of such gold in that country; whether there are any restrictions; and, if there are, when they are likely to be removed?
Mr. CHAMBERLAINThese are matters for the consideration of the Commonwealth Government and the Government of India. So far as I am aware there are no restrictions on the export of gold from Australia. But under the Indian Ordinance regulating gold imports, imports can only be made by license for tender to the Indian Government for payment in Indian currency at a rate close to the par of Exchange. I am informed by the Secretary of State for India that he cannot consider the removal of this restriction until he has received and considered the Report of the recently appointed Indian Currency Committee.