§ 49. Lieut.-Colonel HOWARD-BURYasked the Prime Minister whether, in view of the present unsatisfactory position of this country with regard to Inter-Allied debts, he will be prepared to invite the nations concerned to a conference in order to settle definitely this question and to make arrangements for funding these debts; and whether he is aware that it is impossible to fix the amounts of reparations from Germany until the Allied countries have definitely agreed upon the amounts of debt they will be called upon to pay?
§ Mr. BALDWINI do not think that at present anything would be gained by a conference on Allied debts. The answer to the second part of the question is in the negative; the amount of reparations to be demanded from Germany is the greatest possible payment she can make and this is net dependent on the amount of Inter-Allied indebtedness.
§ Lieut.-Colonel HOWARD-BURYDoes not the amount we are to have depend on whether we agree to fix the amount of Inter-Allied debts?
§ Mr. BALDWINIt is quite possible that that might be a part of the ultimate solution.