§ Mr. Bellengerasked the Chancellor of the Exchequer what are the name and qualifications of the British expert on the Management Committee of the Chinese Currency Stabilisation Fund; and whether he has furnished to His Majesty's Government a full report on the break in the exchange value of the Chinese dollar during the past fortnight?
§ Sir J. SimonI would remind the hon. Member that the Management Committee contains five members, namely, a representative of each of the two British Banks, and of each of the two Chinese Banks concerned, together with one member appointed by the Chinese Government with the approval of His Majesty's Treasury. The last named is Mr. Cyril Rogers, who was formerly a member of the staff of the Bank of England and has for some time now acted as technical adviser of the Central Bank of China. Mr. Rogers regularly furnishes His Majesty's Treasury with reports.