HC Deb 18 June 1934 vol 291 c4
4. Sir ASSHETON POWNALL

asked the Secretary of State for Foreign Affairs if his attention has been called to the default by the German Government on the Dawes and Young loans; and what action the Government intends to take with regard thereto?

7. Mr. HANNON

asked the Secretary of State for Foreign Affairs if his attention has ben called to the protest submitted to the German Government by the directors of the Bank for International Settlements, following the announcement of the suspension of interest payments on the Dawes and Young loans; and, as the non-payment of interest on those loans constitutes a violation of the relevant clauses of the treaties of the Hague and Lausanne, what action, if any, is contemplated by His Majesty's Government?

Sir J. SIMON

I would refer my hon. Friends to the reply given by my right hon. Friend the Chancellor of the Exchequer on 15th June last.

Mr. THORNE

Does the right hon. Gentleman recognise that the Germans have any amount of money to spend on armaments, and yet they cannot afford to pay their debts?