THE HOUSE OF COMMONS.
foreign exchange discussed. daiTiia o»WOUL RUGBY, December 3. The confident tone of Press and other comment on the fall in the exchange value of-the pound this week found an echo to-day in the House of Commons; when Mr; Neville Chamberlain (Chancellor of th'e Exchequer) said he understood the weakness of exchange (vas primarily due to factors abroad, not under our control, coinciding with t'eovy seasonal and other demands for imports. , He added: I see no - reason to yiew the recent movements with apprehension. , Replying to a question, Mr Neville Chamberlain said no restrictions operated on the purchase of foreign exchange for normal trading purposes. He advised the withdrawal of restrictions on speculative purchases, as they •would not assis.t the market forward. Exchanges needed traders. Sir Herbert Samfiel (Home - Secretary), in reply to a question, said he did not contemplate legislating to permit the promotion of sweepstakes in Great Britain. _ The Prime Minister. Mr Ranisav MaeDonald, announced that he hoped it would be possible to take a motion for an adjournment' for the Christmas re cess oji Friday week.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19311205.2.79
Bibliographic details
Press, Volume LXVII, Issue 20412, 5 December 1931, Page 15
Word Count
182THE HOUSE OF COMMONS. Press, Volume LXVII, Issue 20412, 5 December 1931, Page 15
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in