§ Sir H. Williamsasked the Chancellor of the Exchequer to what extent the sterling balances of Empire and Allied countries have been increased by the pegging of exchanges at rates out of relation to the respective purchasing power parities.
§ Sir J. AndersonHaving regard to the entirely exceptional circumstances prevailing in war-time, I do not think that any useful purpose would be served by attempting to make hypothetical calculations on the basis suggested by my hon. Friend.