Currency (Silver).

Oral Answers to Questions — National Finance. – in the House of Commons on 24th November 1931.

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Photo of Mr Anthony Crossley Mr Anthony Crossley , Oldham

61.

asked the Chancellor of the Exchequer whether the Government has in view any steps towards regulating the value of silver in a fixed proportion to gold by co-operation with the chief silver-producing and silver-consuming countries; and whether he will bear in mind the importance of this matter to the cotton industry of Lancashire?

Mr. CHAMBERLAIN:

No, Sir. I would refer the hon. Member to the reply which I gave to the hon. Member for the Stockport Division (Mr. Hammersley) on Tuesday last.

Photo of Mr Anthony Crossley Mr Anthony Crossley , Oldham

Will not the right hon. Gentleman reconsider his views, and consider this question, in view of the report last week of the Silver Association, and also of the recent agreement between the Government of India and the silver producers in America?

Mr. CHAMBERLAIN:

I am not aware that any agreement has been come to between the Government of India, and the producers in America.