§ 56. Mr. TOUCHEasked the Chancellor of the Exchequer whether his attention has been called to the decision of the Reichsbank Central Committee to reduce from 50 to 30 per cent. the cash interest payments transferable to foreign long and medium term creditors; and whether it is proposed to take any action to protect the rights of British creditors?
§ Mr. HORE-BELISHAThese questions are at present being discussed between the German authorities and the representatives of the foreign creditors of Germany. His Majesty's Government earnestly hope that these discussions will result in an agreement satisfactory to the British creditors, in which case the second part of the question will not arise.