§ Mr. GRANVILLE GIBSONasked the Chancellor of the Exchequer if, in view of the fact that prevailing duties were imposed by the Government when the £ sterling was standing at or near a basis of 3.40 dollars to the £, he proposes taking any steps to increase all duties by the percentage appreciation in the value of the £, seeing that this appreciation is equivalent to lowering all duties by nearly 15 per cent.?
Mr. CHAMBERLAINI would refer my hon. Friend to the answer given to the hon. Member for the Hallam Division (Mr. L. Smith) on 14th March, of which I am sending him a copy.