Currency Deflation.

Oral Answers to Questions — Unemployment. – in the House of Commons at on 18 July 1922.

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Photo of Mr Samuel Finney Mr Samuel Finney , Stoke-on-Trent Burslem

49.

asked the Prime Minister whether his attention has been drawn to resolutions adopted by the National Council of the Pottery Industry, calling attention to the effects on industry caused by the policy of deflation recommended by the Cunliffe Committee on Currency, stating that the Cunliffe Committee, consisting as it did almost entirely of bankers, was not constituted in a manner calculated to give confidence to producers, and begging His Majesty's Government to adopt the suggestion of the Federation of British Industries and appoint a Committee to make further inquiries; and whether he proposes to take any action on these resolutions?

Photo of Mr John Baird Mr John Baird , Rugby

The attention of the Chancellor of the Exchequer has been called to these resolutions.