###IS WAR CABINET. DOCUMENT IS THE PROPERTY OF HIS BRITANNIC MAJESTY'S GOVERNMENT.) SECRET. (42) 8. COPY NO. January, 1942. LORD PRESIDENT'S COMMITTEE. AGRICULTURAL POLICY. Note by the Chancellor of the Exchequer. I circulate herewith extracts from statements made by Sir Reginald Dorman-Smith on 14th December 1939, and the late Prime Minister (Mr. Neville Chamberlain) on 29th February, 1940. K.W. Treasury Chambers, S.W.1. Statement by Sir R. Dorman-Smith in the House of Commons on 14th December, 1939.