§ 51. Sir ARTHUR MICHAEL SAMUEL
asked the Chancellor of the Exchequer if he is aware that the German authorities have made a declaration to holders of the Young Loan that the sinking fund default thereon is to be continued after December, 1933; and will he therefore, in view of the payment of the British share of the proceeds of the German Government International 5A per cent. (Young) Loan to the National Debt, Commissioners under Cmd. Paper 3617, protest against the Young Loan sinking fund default, and refuse to acquiesce in the preferential treatment to Switzerland and Holland in respect to the scrip for defaulted interest on any continued default upon other obligations floated here for the public authorities of Germany?
I am not aware of any declaration with special reference to the Young Loan, but I have observed in the Press that the Reichsbank have expressed the view that there is ground for extending the Transfer Moratorium beyond 31st December, 1933, and have invited representatives of Germany's creditors to a fresh discussion on 5th December. His Majesty's Government have already made representations to the German Government on the subject of the discrimination against British holders of German scrip.