§ 30. Sir PARK GOFF
asked the President of the Board of Trade whether, in view of the probable effect on British exports, he can make a statement with regard to the loan granted by the Russian Government and the provision of technical assistance to Turkey for the building of cotton mills?
§ The PARLIAMENTARY SECRETARY to the BOARD of TRADE (Dr. Burgin)
Reports have been received through His Majesty's Embassy at Angora as to the rumoured intention of the Turkish Government to establish cotton mills, partly with the aid of credit to be supplied by the Soviet Government. As my right hon. Friend has recently stated, the whole matter of Anglo-Turkish trade relations is under active consideration.
§ Sir P. GOFF
May I ask if the agreement has been signed at Angora for £8,000,000, and, if so, whether the work has started? May I also ask if the Soviet Government have made similar propositions to Iraq and Persia?
§ Dr. BURGIN
That is a separate matter. Perhaps my hon. Friend will put it down as another question. I know a little of the arrangements between Russia and Turkey, but not in sufficient detail to be able to answer those questions without notice.
§ Sir A. KNOX
Will the hon. Gentleman say why, if Russia has sufficient money to lend to Turkey, it is necessary for us to give her credit?