HC Deb 29 November 1922 vol 159 cc674-5
8. Sir H. BRITTAIN

asked the Under-Secretary of State for Foreign Affairs how many and which European countries have advanced loans to Austria during the past 12 months, and in what amounts, respectively; and hew many and which countries, if any, are to be associated with the British Government in the proposed forthcoming loan?

The CHANCELLOR of the EXCHEQUER (Mr. S. Baldwin)

I understand that the following sums have been placed at the disposal of Austria by the Governments shown below, in addition to the amount of £2,250,000 advanced by His Majesty's Government:

France 55,000,000 francs.
Italy 70,000,000 lire.
Czecho-Slovakia 500,000,000 Czech crowns.

The Governments which have so far agreed to share in the new guarantee under the League of Nations' scheme are those of Great Britain, France, Italy, Czecho-Slovakia, Spain, Belgium and Switzerland.

Sir H. BRITTAIN

Will these advances be in proportion to the population of each country, or on what basis will they be arranged?

Mr. BALDWIN

A Bill will be introduced this Session dealing with the whole matter, and I shall be able to make a statement on that occasion.

Mr. PRINGLE

Can the right hon. Gentleman express these sums in terms of sterling?

Mr. BALDWIN

My hon. Friend is quite capable of doing that for himself.

Mr. PRINGLE

Is it not a fact that hon. Members cannot put them into terms of sterling because they do not know the dates for the rates of exchange?

Mr. WISE

What is the security for these loans?

Mr. BALDWIN

I must ask for notice of that question.

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