§ 32. Mr. BURNETTasked the Chancellor of the Exchequer whether, in order that the German authorities may be under no misapprehension prior to their forthcoming declaration, he will make it clear beyond doubt that the British Government will meet a policy of unilateral German default by applying the Anglo-German trade credit balance towards the full service of British-held German public debt?
§ Mr. HORE-BELISHAI would refer my hon. Friend to the reply given to the (hon. and gallant Member for West Birkenhead (Lieut.-Colonel Sandeman Allen) on 21st March.
§ Mr. BURNETTWill not the hon. Gentleman be enforcing in a practical way the good faith of international obligations?
§ Mr. HORE-BELISHAThe answer says the Government have always been ready to take any action which may appear to them necessary to safeguard national interests.