Stabilization Fund Solely to Curb Erratic Moves London, Feb. 8.
The Chancellor of the Exchequer, Sir John Simon, in an answer in the House of Commons to-day, said the recent rise id the exchange value of sterling was not the result of a policy of controlling exchange tion account also negatively ansu ion whether, in view more intense competition which British producer would have to get in home and overseas markets a: the result: of over-valuation of sterling, the future policy of the recount would be directed to preventing the sterling rate from rising above the seven at which it stood when the tripartite agreement was concluded.
Sir John Simon ded a function of the exc tion accord to exchange the value c teriing but to check undue influctnation therein—Wireless through Renter.
Text read from the printed page and cleaned; old type leaves the occasional error.