HC Deb 07 March 1933 vol 275 cc1000-1
45. Mr. WHITE (for Mr. MANDER)

asked the Chancellor of the Exchequer whether it is proposed to maintain the present embargo on loans for foreign states, in particular for those unanimously found guilty of breach of treaty obligations by the Assembly of the League of Nations?


The existing embargo on foreign loans is of general application and is due to financial and not to political motives, as suggested in the question. As regards the period during which it will be necessary to maintain the existing restrictions on issues of capital in this and certain other cases, I would refer to the reply given by my right hon. Friend to the hon. and gallant Member for South Leicester (Captain Waterhouse) on the 16th February.


Will the hon. Member draw a distinction between loans which are made solely in the form of money and loans which are for the purpose of financing work in this country?


The question endeavours to draw a distinction between loans made for a political purpose and loans made for a financial purpose. My hon. Friend's supplementry question is not quite related to that.

Forward to