§ 62. Mr. Liddallasked the Chancellor of the Exchequer whether the sinking fund provisions under the German debt arrangement will be operated by drawings at par or by purchase below par, or whether the sinking funds will be accumulated in sterling and used by Germany at an optional date to enable that Government to reopen discussion upon the German liability for Austrian debts?
§ Sir J. SimonThe sinking fund provision in regard to the Austrian guaranteed loans will continued to be governed by the terms of the general bonds. The detailed application of the sinking fund 2420 provisions contained in the Anglo-German Transfer Agreement is at present under discussion, and an announcement will be made in due course. There is no question of discussion being reopened upon the German liability for Austrian debts.