HC Deb 30 December 1912 vol 46 cc5-6
1. Mr. GINNELL

asked the Secretary of State for Foreign Affairs what recent addition or alteration has been made in the personnel of the British section of the six-Power group for lending money to China; the names and particulars of the present constituents of that section; what adjustment has been made in the terms for division of profits on loan transactions now under negotiation; and, seeing that the Russian section of the group is composed of non-Russian financial houses, even the Russo-Asiatic Bank being controlled by non-Russian interests, whether he is in a position to state any interest Russia now has in the six-Power group?

The UNDER-SECRETARY of STATE for FOREIGN AFFAIRS (Mr. Acland)

As was announced recently in the Press, the British group is now composed as follows: The Hong Kong and Shanghai Banking Corporation, Messrs. Baring Brothers and Company, Limited, the London County and Westminster Bank, Limited, Parr's Bank, Limited, Messrs. J. H. Schroeder and Company. I am not in a position to give details of the financial arrangements arrived at between the constituents of the group. It is for the Russian Government to decide whether they are satisfied that the Russian group is properly representative of Russian interests.