§ 60. Sir FREDRIC WISEasked the Chancellor of the Exchequer the amount received for the month of May from the German Reparation Recovery Act, and the amount received for May, 1923?
§ Mr. SNOWDENIn May, 1924, £138,000; in May, 1923, £688,000.
§ Sir F. WISECan the right hon. Gentleman state the difference?
§ Mr. SNOWDENIt is in exact proportion to the reduction in the percentage.
§ Sir F. WISERoughly half a million?
§ Mr. SNOWDENJust over half a million.
§ Viscount WOLMERCan the right hon. Gentleman say what compensating advantage the country has derived from this loss of revenue?
§ Mr. SNOWDENIf the Noble Lord will address that question to the innumerable commercial associations which made representations in regard to this matter, I have no doubt that they will be able to inform him that they have got considerable advantage.