HC Deb 22 March 1923 vol 161 cc2755-6
69. Mr. ERSKINE

asked the Chancellor of the Exchequer whether he pro- poses to take advantage of the option under the agreement with the United States as to the postponement proviso in relation to the debt; and whether he has already given 90 days' advance notice of his intention?

Mr. BALDWIN

I would refer the hon. Member to the answer which I gave on the 1st March to the hon. and gallant Member for Leith.

70. Mr. ERSKINE

asked the Chancellor of the Exchequer whether he is aware that had we spent, say, £100,000 in propaganda, in order to enlighten public opinion in the United States as to the origin and use to which the borrowed money was put, the effect might have been a saving of at least £100,000,000 to the taxpayer of Great Britain; and if he will consider the advisability of taking this step now in the hope of securing a revision of the agreement?

Mr. BALDWIN

The first part of the question appears to be hypothetical, and I am not prepared to adopt the suggestion in the second part.