HC Deb 18 December 1935 vol 307 cc1783-4W
Mr. GALLACHER

asked the Financial Secretary to the Treasury whether he is aware that, following the measures for currency reform in China initiated by the Chinese Government at the beginning of November, a committee was set up in London for the protection of the interests of British holders of Chinese bonds, and the head of the Joint Exchequer Board was appointed to be the chairman of this committee; whether the committee has yet issued a Report to His Majesty's Treasury; and, if so, whether the Report will be published?

Mr. W. S. MORRISON

As stated in the Press Notice published on 2nd November the Committee, under the Chairmanship of Lord Alness, was set up by the Governor of the Bank of England with the object of providing an organisation which will be available in case of need to negotiate on behalf of the bondholders of Chinese Government, railway, and other loans with a view to the protection of their interests. There is no question of the Committee issuing a Report to the Treasury.