CAB129-36 — Page 604

Craulated

24/9/49 (8pm)

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297

THIS DOCUMENT IS THE PROPERTY OF HIS BRITANNIC MAJESTY'S GOVERNMENT)

SECRET

C. P. (49) 194

23RD SEPTEMBER, 1949

CABINET

COPY NO.

31

SPECIAL SITTINGS

G

TERMS OF GOVERNMENT MOTION

Note by the Lord President and Chancellor of

the Exchequer

We were invited at yesterday's Cabinet meeting (C. M. (49) 56th Conclusions, Minute 1) to circulate for con- sideration the draft terms of the Government motion to be tabled in both Houses next week. We suggest that it should be in the following terms:-

"This House approves the steps taken by

His Majesty's Government to alter the exchange rate of the £ sterling and calls upon the people to give their full support to all the measures set out in the communique issued at Washington by the Joint Meeting of United States, Canadian and British Ministers on September 12th, 1949, for the purpose of restoring equilibrium in the Sterling-Dollar balance of trade thereby enabling the economy of the Sterling Area to maintain its stability independent of any external aid. "

11, Downing Street, S. W. 1.

23RD SEPTEMBER, 1949.

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H. M. R. S. C.

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