HC Deb 26 June 1934 vol 291 cc962-4
30. Mr. MANDER

asked the Chancellor of the Exchequer if any estimate has been formed of the amount of currency transferred by Germany recently abroad for propaganda purposes which would otherwise have been available for the payment of debts to British nationals?

The CHANCELLOR of the EXCHEQUER (Mr. Chamberlain)

So far as I am aware, no such estimate is available.

Mr. MANDER

In view of the considerable sums spent on propaganda in Austria, is it not possible that the amount is now quite considerable, if you take into account all the countries where propaganda has been conducted?

Mr. CHAMBERLAIN

Possibly.

31. Major NATHAN

asked the Chancellor of the Exchequer his estimate of the debts, other than in respect of the Dawes and Young Loans, now due from persons in Germany to persons ordinarily resident or carrying on business in the United Kingdom; and, separately, to British subjects wherever resident, to corporations incorporated by or under the laws of the United Kingdom or of a country forming part of the British Empire as defined by the Import Duties Act, 1932, and to persons who are afforded His Majesty's protection and ordinarily reside or ordinarily carry on business in such a country?

Mr. CHAMBERLAIN

The nominal amount of the medium and long terms German loans (other than the sterling issues of the Dawes and Young Loans) held by persons in the United Kingdom may be estimated at approximately £41,000,000. In reply to the second part of the question, I would refer the hon. and gallant Member to the reply given to him yesterday.