Monetary and Currency Policy

Oral Answers to Questions — National Finance – in the House of Commons on 20th October 1942.

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Photo of Mr William Craven-Ellis Mr William Craven-Ellis , Southampton

asked the Chancellor of the Exchequer whether he will assure the House that no amendment, alteration or addition will be made to the Ottawa Monetary Report of August, 1932, and the British Currency Declaration of July, 1933, without first receiving the approval of Parliament?

Photo of Sir Kingsley Wood Sir Kingsley Wood , Woolwich West

No, Sir. The question whether there will at any time be any modifications of the monetary and currency policy of this country is hypothetical.

Photo of Mr William Craven-Ellis Mr William Craven-Ellis , Southampton

May I ask that nothing be done in this connection without the approval of the House?

Photo of Sir Kingsley Wood Sir Kingsley Wood , Woolwich West

The question is still hypothetical.