THE PAPER POUND
QUESTIONS IN COMMONS (British Official Wireless.) Press Association—By Telegraph—Copyright RUGBY. February 28. (Received March 1, at noon.) Questioned in the House of Commons in regard to the high price of gold bullion, indicating a fall in the value of the paper pound, and asked whether the Government proposed to take any stops to arrest a further fall, the Chancellor of the Exchequer (Mr Chamber:iin) said he was aware of the fall in ~'ie external value of sterling, which .vas a different thing from the internal mrchasing power of the pound. In regard to the second part of the question, lie could not undertake to publish such information for reasons of public policy. Further asked if be could hold out any hope for the early stabilisation of the pound, the Chancellor replied, “ No, sir.” Later the Speaker refused a motion for the adjournment in order to debate the question of the lall in the paper pound, but he said the subject could be raised later.
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Evening Star, Issue 21967, 1 March 1935, Page 9
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167THE PAPER POUND Evening Star, Issue 21967, 1 March 1935, Page 9
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