§ 51. Mr. LAMBERTasked the Chancellor of the Exchequer the amount and the terms of the loan guaranteed by the British to the Newfoundland Government?
§ The CHANCELLOR of the EXCHEQUER (Mr. Chamberlain)His Majesty's Government has not guaranteed any loan to the Government of Newfoundland, but the United Kingdom share of the advance recently made to that Government by His Majesty's Governments in the United Kingdom and Canada is £166,570, being the sterling equivalent of 625,000 Canadian dollars. A Supplementary Estimate for this amount will shortly he presented to Parliament. The terms of the loan to replace this advance will be settled in the light of the report of the Royal Commission which is about to visit Newfoundland.