§ 5. Mr. MORELasked the Under-Secretary of State for Foreign Affairs if His Majesty's Government will use such influence as they may possess to prevent the proceeds of any private loans which the Yugo-Slavian or any other Government may raise in this country from being expended in the purchase of armaments?
§ Mr. PONSONBYIt is for the lenders in the market to determine for what purposes they will make loans to foreign Governments, but in so far as His Majesty's Government have any influence in the matter, they would certainly not favour the raising of any loan in this country for the purchase of armaments by a foreign Government.