Rupee-Sterling Exchange.

Oral Answers to Questions — India. – in the House of Commons on 28th September 1931.

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Photo of Mr Peter Freeman Mr Peter Freeman , Breconshire and Radnorshire

4.

asked the Secretary of State for India whether he is aware that the policy of maintaining a fixed rate for the rupee and the present proposal of pegging it on to sterling adversely affects conditions of living in India; and whether His Majesty's Government will consider the desirability of granting the Indian legislature permission to discuss this matter and decide their own policy on a free vote of the elected representatives?

Photo of Mr Samuel Hoare Mr Samuel Hoare , Chelsea

As a decision has already been taken, the question of submitting the matter for decision to a free vote of the Indian Legislature does not arise. I note in the Press that the matter has been discussed by the Assembly.

Photo of Mr Wilfred Wellock Mr Wilfred Wellock , Stourbridge

In view of the adverse vote on that issue, will not the Government reconsider it?