51. Sir F. HALLasked the Prime Minister whether, in the course of his conferences and discussions at Genoa with members of the Soviet Delegation, he held out any hope or gave any undertaking as to the granting of credit to Russia by this country?
Mr. CHAMBERLAINNo hope of credits was held out, except such as might be secured under the Trade Facilities and Export Credits Acts by traders and business men undertaking enterprises in Russia. As stated by the Chancellor of the Exchequer in reply to a question on the 11th May, His Majesty's Government made it perfectly clear from the outset that they were not prepared to make a loan to the Soviet Government.
Sir F. HALLAm I to understand that the advantages of the Trade Facilities Act will not be granted to the Soviet Government quá Soviet Government?
Mr. CHAMBERLAINThe advantages of that Act are given to traders and business men who undertake business with Russia or elsewhere, and not to the Government of the country with which they happen to be trading.