Orders of the Day — Amendment of Law.

Part of the debate – in the House of Commons at on 17 April 1935.

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Photo of Mr John Banfield Mr John Banfield , Wednesbury

It is with a great deal of personal pleasure that I find it falls to my lot to congratulate the hon. Member on his maiden speech. We have known each other for some time before either of us entered the House, and we have helped each other at different times. I hope that we may get the benefit of my hon. Friend's expert advice in the future and that it will be possible for me to answer some of the arguments he will put forward. The hon. Member for East Edinburgh (Mr. D. Mason) gave us a very eloquent speech on the advantages of the gold standard, and suggested that the present position of our currency has led to a reduction in the purchasing power of the workers. I disagree with him entirely. I have not found any such thing in the course of my experience, and from my own personal knowledge—I go into thousands of working-class homes during the course of the year—I have no reason to believe that the purchasing power of the people in the home market has depreciated to any extent.