32. Mr. GURNEY BRAITHWAITEasked the Chancellor of the Exchequer whether he can make any statement as to the method of payment of the August coupon of the United Kingdom of Great Britain and Ireland 5½ per cent. Loan, 1937; and whether, having regard to the specific undertaking mentioned in the bonds to pay principal and interest in gold Coln of the United States of America of the standard weight and fineness existing on 1st February, 1917, he has obtained any assurance that future coupons will be paid either in gold or the equivalent in currency based on the last prevailing price of gold?
Mr. CHAMBERLAINI do not understand from whom my hon. Friend suggests that an assurance should be obtained Since the payment of the August coupon is an obligation of His Majesty's Government. I may say, however, that this matter involves questions of the interpretation of American law, and I am not at present in a position to make any statement in regard to it.