§ Sir B. Rhys Williamsasked the Chancellor of the Exchequer if he will take steps to encourage the development of an active currency futures market in London for importers and exporters requiring cover for transactions up to 12 months ahead; and if he will make arrangements to support the futures market for foreign exchange requirements of British traders at fixed but adjustable rates.
§ Mr. NottI believe the availability and terms of forward cover in the London foreign exchange market are at present generally satisfactory. I will keep the position under review.