§ 25. Mr. HANNONasked the Prime Minister whether, in view of the serious internal situation in Germany, he will take steps to ensure a resumption of negotiations to provide that country with an international loan?
§ The CHANCELLOR of the EXCHEQUER (Sir Robert Horne)In view of the outcome of the recent meeting in Paris of the Committee of Bankers appointed by the Reparation Commission, I do not see what steps His Majesty's Government could usefully take at present in the sense desired by my hon. Friend.
§ Mr. HANNONDoes not the right hon. Gentleman realise the appalling condition of Germany now that the mark is at 2,000 to the £l, and, in view of the almost inevitable collapse, can the Government not do something now to get a loan?
§ Sir R. HORNEDoes my hon. Friend suggest that the loan should be provided for Germany? The Government would have to provide the money for the loan.
§ Mr. W. THORNEAssuming that Germany goes bankrupt, have the Government considered exactly what they are going to do?
§ Sir R. HORNEI do not think that Germany is very solvent at the present time. The state of Germany is a constant source of anxiety to the Government.