asked the Prime Minister if he will consider the advisability of initiating an international conference called together to discuss the mutual difficulties of industrialists throughout the world by the current rates of exchange, and to report on the best means of restoring normal conditions?

These questions were fully discussed at the recent International Financial Conference at Brussels, of which a Report has been published, and I do not think that a further conference would throw any additional light on the subject.

Is it not a fact that there is very little hope that there will be any improvement in trade so long as this matter is allowed to drift by the Allied and Associated Powers?

I do not quite know what my hon. Friend means.