§ 26. Sir PARK GOFFasked the Secretary of State for Foreign Affairs whether he will ascertain from the League of Nations what steps it is taking to recognise its responsibilities respecting the League of Nations second Austrian 1930 Loan, in view of the trustees announcement that the Austrian Government has not provided foreign currencies for the next due coupon or for the sinking fund and will he request the League to obtain, by Customs control or otherwise, for the protection of those who lent their savings on the recommendation of the League, the balance of applicable Austrian revenues pledged to the service of the loans of 1930?
§ The PRIME MINISTERMy hon. and learned Friend is under a misapprehension in supposing that the Austrian Government Loan of 1930 was issued under the auspices of the League of Nations. I would, however, remind him that in the Protocol signed at Geneva on 16th July last, providing for a new Austrian Guaranteed Loan, the Austrian Government reaffirms its intention of meeting punctually all its foreign obligations and undertakes to carry out budgetary, financial and monetary reforms. It is hoped that this Protocol will be ratified and come into force at an early date.