§ 110. Sir W. Smithersasked the Chancellor of the Exchequer if, in view of continual demands for increased wages, he will publish a reasoned statement to 74W explain that increased wages without increased production do no good to anyone but have the effect of a progressive decline in the purchasing power of the £ sterling.
§ Sir A. SalterOn 15th May my right hon. Friend the Chancellor of the Exchequer made a statement on our present economic problems to the National Joint Advisory Council coveringinter alia the point made by my hon. Friend. No further statement seems necessary at the present juncture.