65. Colonel NEWMANasked the Chancellor of the Exchequer whether the German Government is proposing to raise a loan with a view to stabilising its country's finances; will this loan be an internal or a foreign one; and, if the latter, will it be issued under the auspices of, or guaranteed in any way by, the Allied Powers?
§ Sir R. HORNEI have no information as to German plans in this matter.
66. Colonel NEWMANasked the Chancellor of the Exchequer whether the scheme for placing Germany on a sound economic basis, submitted to his Government by the Chancellor of the German Republic, has been considered by the Government of this country; if so, has the scheme their approval; and, in the event of it proving unsuccessful or abortive, is it his intention to urge the Allied Powers that, in the interests of Germany herself, a temporary joint control and direction of German finance and taxation by Great Britain, France, and, if possible, the United States, is the only solution?
§ Sir R. HORNEThe Chancellor of the German Republic addressed to the Reparation Commission, on 28th January, a Note containing the proposals of the German Government for reform of the Budget and of the paper circulation, and I presume it is to this Note which the hon. and gallant Members refers. The Allied Governments have decided that this Note shall be dealt with by the Reparation 1965 Commission. Accordingly, the second part of the question does not arise. The third part of the question is hypothetical.