HC Deb 06 March 1928 vol 161 cc246-7
64. Lieut.-Colonel STEPHENSON

asked the Chancellor of the Exchequer when, having regard to the fact that His Majesty's Government has made arrangements for the repayment to the United States of America of the sums borrowed during the War on behalf of our Allies, France and Italy, it is proposed to complete the transaction by calling upon the French and Italian Governments to repay their borrowings from us by means of a similar arrangement?

Captain KING

I must refer the hon. and gallant Member to the reply given by my right hon. Friend the Prime Minister to the hon. Members for St. George's (Mr. Erskine) and Mid-Bedfordshire (Mr. Linfield) on the 15th February.

Mr. PRINGLE

Can the Government see fit to make a definite statement as to whether these sums were borrowed on behalf of the Allies or not?

Captain KING

The hon. Member wilt appreciate that I can add nothing to the statement of the Prime Minister.