HC Deb 01 December 1925 vol 188 c2032
46. Lieut.-Commander KENWORTHY

asked the Chancellor of the Exchequer if his attention has been called to the settlement and funding of the Italian debt to the United States of America; and when a settlement of the Italian debt to this country may be expected?


The answer to the first part of the question is in the affirmative. The Italian Government are sending a mission, headed by the Minister of Finance, to London on the 15th or 16th December to undertake formal negotiations for the funding of the Italian debt to this country.


Has the right hon. Gentleman's attention been called to the very much more favourable terms obtained from America by Italy than ourselves, and will he consult the Prime Minister with a view to altering it?


Naturally I follow very closely all that is taking place, but I have no statement to make to the House.