HC Deb 08 June 1932 vol 266 c1924
41. Mr. CHORLTON

asked the Secretary to the Overseas Trade Department when the committee considering the application of the clearing-house system to foreign trade debts or remittances will be able to report?

Mr. JOHN COLVILLE (Secretary, Overseas Trade Department)

I must refer my hon. Friend to the answer I gave to his question on Monday last. The matter is under the examination of the responsible Departments and not of a formal committee. Consideration is being pressed forward.

Mr. CHORLTON

Can the hon. Gentleman tell us whether any progress is being made in connection with this very difficult subject; that is to say, the payment of these remittances or trade debts?

Mr. COLVILLE

As the hon. Member says, the subject is a very difficult one. The answer to the next question throws a little light in a certain direction.