§ 48. Mr. WHYTE
asked the Chancellor of the Exchequer what the position is in regard to the proposed token payment to the United States of America in respect of the December payment of war debt; if he will consider asking countries debtor to the United Kingdom to make similar token payments to this country; and if he will inform the House what steps, if any, are contemplated for the further discussion of the position of war debts in general?
I would refer my hon. Friend to the White Paper pub- 1486 lished on the 7th November (Cmd. Paper 4448) and to the reply which I gave to a question by the right hon. Member for South Molton (Mr. Lambert) on the 14th November, and to a supplementary question by the same right hon. Member on the 28th November.
§ 51. Sir F. SANDERSON
asked the Chancellor of the Exchequer whether the amount it is proposed to pay to the United States of America this month as a token payment is to be paid in silver?
No, Sir. The power granted by Congress to the President of the United States to accept silver at a price not exceeding 50 cents an ounce lapsed on the 12th November. Accordingly, as stated in the White Paper, the payment will be made in American currency.