§ 48. Mr. A. Hendersonasked the Chancellor of the Exchequer whether he will given an assurance that it is the intention of His Majesty's Government to refuse to permit the raising of loans in this country by any country or its nationals committing an act of aggression against a member of the League of Nations; and whether such embargo will apply to Japan?
§ Sir J. SimonSo far as I am aware, no question arises at the present time of the issue of loans in this country by any foreign Government which could be regarded as covered by the terms of the hon. Member's question, or by its nationals, and accordingly the question of permitting such loans does not arise.
§ Mr. HendersonIn the event of any application being received from Japan, will His Majesty's Government bear in mind the undesirability of allowing Japan to finance her war in China by advances from this country?
§ Sir J. SimonOn the general policy, if the hon. Member will refer to the statement made by the then Prime Minister on 23rd June, 1936, he will see what principle governs the attitude of the Government.
§ Mr. ThorneWill this country and America work together on this question?