§ 11. Sir W. SUGDENasked the Secretary of State for Foreign Affairs if he can state the position to-day of negotiations, if any, between himself and the French Government on behalf of those British subscribers to the French Five Per Cent. War Bonds who by reason of the depreciation of the franc find their investments reduced by 80 per cent. of the capital value, and are suffering heavy reduction in interest as well?
The FINANCIAL SECRETARY to the TREASURY (Mr. Guinness)I would refer the hon. Member to the replies given to the hon. and gallant Member for Lewisham on the 20th July and to the hon. Member for Darwen yesterday.
§ Sir W. SUGDENDo we stand exactly as we did at that time, because, if so, virtually there will be a further reduction which will make the security of patriotic British people subscribing to the French War Loan of the value of only 10 per cent. of what they put in?