The Chancellor has congratulated himself, and, judged by his standard, he was entitled to congratulate himself, on the different position financially as between 1932 and 1936, although I have the feeling, and I said so at the time, that the economic crisis of 1931 was largely an Imaginary Crisis created by the right hon.Gentleman and his friends when they sat on these benches.

I do not wish too much of that business to be interrupted by whatever changes need to take place in the banking system because of the Imaginary Crisis that we are hypothesising.