§ 48. Mr. BOOTHBYasked the Chancellor of the Exchequer whether he intends to sanction the proposed loan by the Bank of England to Germany.
Mr. CHAMBERLAINI assume that my hon. Friend is referring to the credit which has been arranged by the Reichs-bank in order to expedite the liquidation of outstanding German trade debts to United Kingdom creditors. I am satisfied that the operation is in the national interests, and it therefore has my approval.