§ 50. Colonel WEDGWOODasked the Chancellor of the Exchequer whether the £40,000,000 loan to France, recently arranged, had Treasury approval; and is it repayable in sterling or in gold?
§ The CHANCELLOR of the EXCHEQUER (Mr. Chamberlain)The operation had my consent. I understand the loan is in sterling.
§ Colonel WEDGWOODHas any precaution been taken to prevent credits becoming frozen at the end of the five months as they were in the case of Germany?
§ Mr. CHAMBERLAINI have no anxiety on that score.
§ Colonel BURTONIs there any Government guarantee?
§ Mr. PETHERICKWas the loan made to the French Government or to the Bank of France?
§ Mr. CHAMBERLAINPerhaps my hon. Friend will put that question down.
§ Colonel WEDGWOODMay I ask. whether the right hon. Gentleman in this matter regards the security of people who sell goods to France as well as the security of people who advance this large sum of money?
§ Mr. CHAMBERLAINThat question does not seem to arise.
§ Mr. GARRO-JONESIs this particular loan for the manufacture of armaments in France?