10. Mr. L. MALONEasked the Under-Secretary of State for Foreign Affairs, whether proposals for a Greek loan are again to be put before the Trade Facilities Committee; and whether, directly or indirectly, His Majesty's Government intend to give any guarantee of financial assistance?
§ The FINANCIAL SECRETARY to the TREASURY (Mr. Hilton Young)No proposals for a Greek loan are now before the Trade Facilities Act Advisory Committee, and the remainder of the question does not, therefore, arise.
Mr. MALONEIs it a fact that the British Government have signed an agreement with the Greek Government releasing certain Greek revenues as security for a loan?
§ Mr. YOUNGThe Government at some date in the course of last year—I am not sure of the date—agreed to the Greek Government assigning certain securities for a loan.
Sir J. D. REESWill the Government be informed if any such application is made? Will they be kept posted?
§ Mr. YOUNGIf the hon. Member refers to applications to the Trade Facilities Committee, yes; undoubtedly that would be brought to the attention of the Treasury.