§ 46. Mr. R. C. MORRISONasked the Chancellor of the Exchequer whether he is aware that several banks have granted to German borrowers short-term credits outside the stand-still agreement; and, in view of the fact that such credit transactions procure additional foreign exchange resources, enabling the German Government to increase its raw material imports for re-armament, he will discourage the granting of new credits to German borrowers?
§ 49. Mr. J. HENDERSONasked the Chancellor of the Exchequer whether he is aware that certain banks have given short-term credits outside the stand-still agreement to German borrowers, thus supplying Germany with increased exchange resources and means to import more raw material for re-armament; and whether he will take immediate steps to prevent the practice?
Mr. CHAMBERLAINI am not aware of any such credits, and no specific instances have ever been brought to my notice. I can, however, assure the House that this matter has not been overlooked and is very present in the minds of the appropriate authorities. I have no reason for believing that the banking community as a whole are acting other than in accordance with what is evidently the general feeling of this House.