§ 15. Sir NICHOLAS GRATTAN-DOYLEasked the Secretary of State for Foreign Affairs whether he has seen the protest of the British Long-term and Medium-term Creditors' Committee, and similarly that of the American Committee, addressed to the President of the German Reichsbank, dated 22nd December, 1933, with regard to the treatment of creditors by the German authorities; and will he, for the joint protection of British and United States nationals, invite the United States Government to adopt a policy, in association with His Majesty's Government, of setting up exchange clearings as a remedy for the unilateral con- 784 ditions of default imposed upon foreign creditors under the German transfer moratorium?
§ Sir J. SIMONI have seen a copy of the British protest, but have no information respecting that of the United States Committee. As regards the second part of the question, I am obliged to my hon. Friend for deferring it from Wednesday last till to-day. My hon. Friend will now have seen the text of the agreement reached between the British and United States creditors' representatives and the German authorities, published in the newspapers of the 1st February.