§ 69. Mr. WISEasked the Chancellor of the Exchequer what is the amount of the suggested credit the Government is going to lend to Austria, and what is the security; and whether the credit will be so employed as to benefit the trade of this country?
Mr. YOUNGIt is not suggested that any further loan or credit should be granted by His Majesty's Government to Austria. The essence of the plan which the Finance Committee of the League of Nations has prepared in collaboration with the Austrian Government is that the external loans or advances required should be provided through ordinary market channels in this and other countries, and I understand that assurances have been obtained of considerable sums from these sources as soon as the existing liens on Austrian assets are released.
§ Lieut. - Commander KENWORTHYIs the right hon. Gentleman aware that arrangements regarding these liens have been completely upset, particularly as a result of the British Government preventing Austrian exports to this country?
§ Sir A. SHIRLEY BENNHave we agreed to the release of the liens?