Sir John Simon agreed that the currency arrangements in the two countries were widely different, "We have continuously," he said, "avoided deflationary measures here, and I think that our existing arrangements are adequate."
No sort of departure from the tri-Partite monetary agreement between Great Britain, France and the United States, he added, had been indicated. He believed that the parties to it would respect it.
"We have no intention whatev Sir John Simon declared, "of depart ing from it. Our methods are not quite the same as other methods attaining the same results, and I do not consider that because the United States have taken these steps it fol-that we should take exactly the same form of steps, but we desire to maintain a common position."
Text read from the printed page and cleaned; old type leaves the occasional error.