HC Deb 05 May 1927 vol 205 cc1752-3
29. Lieut.-Colonel HOWARD - BURY

asked the Chancellor of the Exchequer whether His Majesty's Government is taking any steps with regard to the widely published statements of Mr. Mellon in the matter of the inter-Allied debts?

Mr. CHURCHILL

His Majesty's Government have addressed a communication to the United States Government on the subject, the terms of which were published this morning.

Lieut.-Colonel HOWARD-BURY

Is my right hon. Friend aware that Mr. Mellon has again repeated the statement that we are receiving more from Allied countries than we are paying to the United States, and that these statements have done very great harm to our interests in France and Italy?

Mr. CHURCHILL

Well, Sir, both in speech in this House and by formal Note we have placed our views on these transactions on record, and I am quite sure nothing lies in our power to take any other step than the steps we have taken.

Major COLFOX

Has the Government denial received great publicity in the United States Press, and if this is not so cannot steps be taken to ensure this?

Mr. WARDLAW-MILNE

Will the right hon. Gentleman take this opportunity, or an early opportunity, of drawing the attention of the American people to the American debts still due to bond-holders in this country?

Mr. CHURCHILL

I think that all these matters do obtain great publicity, and from some points of view that publicity is regrettable, but I do not see how in the circumstances which have arisen we could have avoided taking the steps we have taken.

Sir FRANK NELSON

Will the correspondence be published in a White Paper?

Mr. CHURCHILL

What correspondence?

Sir F. NELSON

The Note of His Majesty's Government and the reply they have received?

Mr. CHURCHILL

It will certainly be published, but whether it will be necessary to lay a White Paper or not we shall see later on.

Captain CROOKSHANK

Has the right hon. Gentleman's attention been drawn to a recent letter in the "Times" by the Bishop of Gibraltar, and will he see to it that publicity is given throughout Europe, at any rate, to our Note in reply to Mr. Mellon?

Mr. CHURCHILL

I think it will obtain a full measure of publicity but we cannot do more than state publicly the view which this country takes. No doubt other views may be stated in contradiction of it, but the world must judge and public opinion must judge outside of this House and inside it.

Forward to