HC Deb 17 March 1931 vol 249 cc1856-7
47. Mr. MORLEY

asked the Chancellor of the Exchequer if, in view of the present financial situation, he will consider a 10 years moratorium in the payment of debt interest and obligations to the United States of America?

Mr. PETHICK-LAWRENCE

No, Sir.

Mr. MORLEY

Will the hon. Gentleman consider the advisability of attempting to secure a revision of the debt settlement with the United States of America on terms more favourable to this country?

Mr. PETHICK-LAWRENCE

My hon. Friend's optimism, I imagine, arises from the fact that he has never been in the unfortunate position of a debtor.