Orders of the Day — European Monetary Agreement Bill

Part of the debate – in the House of Commons at 12:00 am on 28th January 1959.

Alert me about debates like this

Photo of Mr Jack Diamond Mr Jack Diamond , Gloucester 12:00 am, 28th January 1959

The noble Lord the Member for Dorset, South (Viscount Hinchingbrooke) appealed for fair shares for the rich to travel more easily from this country, but it was an appeal which did not strike a sympathetic note with me. I regret that he should have started his speech by criticising my hon. Friend the Member for Manchester, Cheetham (Mr. H. Lever) on the ground that my hon. Friend did not know what he was talking about. My hon. Friend speaks with great knowledge of these matters, very differently from myself, since I approach this subject with considerable timidity and humility, recognising that it is very technical and a subject on which it is quite possible to be wrong.

Certainly, it is the correct approach to learn from one's experience, and the noble Lord might well think so, too. He heard my hon. Friend the Member for Gloucestershire, West (Mr. Philips Price) remind the House of his recollections of the financial crisis of 1931. He heard his hon. Friend the Member for Walsall, South (Sir H. d'Avigdor-Goldsmid), with his great experience and knowledge of the City, reminding the House of his views about the financial crisis of 1947.

None of us who was in the House in 1947 will readily forget what happened then. What happened then was what the noble Lord is criticising us about, calling us Conservatives or even worse.