HC Deb 05 November 1929 vol 231 cc832-3
48. Mr. WISE

asked the Chancellor of the Exchequer whether the British delegates to the organisation committee of the Bank for International Settlements were appointed by His Majesty's Treasury; and, if not, by whom they were appointed; and what instructions have been given to them by His Majesty's Government?

Mr. SNOWDEN

In accordance with the provisions of the Young Plan, the British members of the Organisation Committee of the Bank for International Settlements were appointed by the Governor of the Bank of England. No instructions have been given to them by His Majesty's Government in regard to the purely banking aspects of their task but I am keeping in touch with them on the definition of the Bank's functions in regard to reparations. When the Report of the Committee is completed, it will under the Protocol be submitted for consideration by the Governments at the adjourned Hague Conference.

Mr. WISE

Can the right hon. Gentleman say whether the House will be given an opportunity of discussing the proposals before the Government are committed to them?

Mr. SNOWDEN

I cannot say that, but I should think that it is very unlikely that an opportunity can be given before the meeting of the adjourned Hague Conference.

50. Captain CAZALET

asked the Chancellor of the Exchequer whether, if the Hague proposals are ratified, the total amount of money to be received by this country from reparations and war debts will equal the amount which this country has to pay to the United States of America in 1932 and successive years; and what excess sum, if any, it is expected may accrue yearly to the British Treasury?

Mr. SNOWDEN

I would refer the hon. Member to the answer I gave to the questions put by the hon. Member for Macclesfield (Mr. Eemer) on Thursday last.