HC Deb 18 May 1922 vol 154 cc546-7
39. Mr. MALONE

asked the Chancellor of the Exchequer whether His Majesty's Government has abandoned, or contem- plates abandoning, the scheme of international credits unanimously adopted at Brussels; how many applications have been before the international credits organisation for the right to issue gold bonds under the auspices of the League of Nations?

Mr. YOUNG

The Termeulen scheme is a matter for the consideration of the League of Nations and the countries which desire to borrow, and His Majesty's Government are not directly concerned in it. I understand, however, that four definite applications are before the League and that numerous other applications are pending.