§ 51. Mr. TAYLORasked the Chancellor of the Exchequer whether, seeing that, in accordance with the statement in Command Paper, No. 121, of 1924, a loan of £1,000,000 for the Lithuanian Government was guaranteed by the Government, he can say why this proposal has not been taken advantage of by the Lithuanian Government?
§ Mr. CHURCHILLThe guarantee which the Treasury expressed its willingness to give was intended to cover the expenditure in this country in connection with a scheme for the construction of certain railways in Lithuania. The Lithuanian Government decided not to proceed with the original scheme and their alternative proposals were not satisfactory to the Trade Facilities Act Advisory Committee. Accordingly the question of a guarantee dropped. In any case it would not have been possible for the guarantee to have been given until the Lithuanian Government had settled their outstanding debt of approximately £300,000 for supplies sent by this country to Lithuania.