§ 57. Colonel Crosthwaite-Eyreasked the Chancellor of the Exchequer if, under the Bretton Woods Agreement, the possibility of an increase in the price of gold has been provided for; and if, in view of the need for such an increase to meet increased cost of production, he will recommend to the International Monetary Fund that such an increase be made.
§ Mr. DaltonThe answer to the first part is "Yes, Sir"; to the second part, "No, Sir."
§ Colonel Crosthwaite-Eyreasked the Chancellor of the Exchequer if he is aware that rises in production costs of gold in South Africa threaten to make many mines unprofitable, and, in view of the importance to this country and the Empire of maintaining the output of gold, what action has he taken, or does he propose to take, with the South African Government to remedy this situation.
§ Mr. DaltonThis is a matter for the Government of the Union, and it is not for me to take any action.