§ 82. Captain CAZALETasked the Secretary of State for Dominion Affairs what is the effect in relation to Canada of the acceptance by the United Kingdom and by Canada of President Hoover's proposals for the suspension of reparation payments and war debts?
§ The SECRETARY of STATE for DOMINION AFFAIRS (Mr. J. H. Thomas)The position of Canada in this matter differs from that of Australia, New Zealand, the Union of South Africa and Newfoundland in that there is no War Debt owing by His Majesty s Government in Canada to His Majesty's Government in the United Kingdom, so that the offer made to the Dominions by His Majesty's Government in the. United Kingdom has no application to Canada. On the other hand, the acceptance by His Majesty's Government in Canada of President Hoover's proposals involves a contingent loss to the Canadian Exchequer of the sum, amounting to £826,100, which would normally be payable in the current year in respect of German reparations.