HC Deb 23 June 1938 vol 337 cc1267-8
78. Mr. G. Strauss

asked the Chancellor of the Exchequer what action he is now taking in view of the declared default of Germany on the Austrian loans?

The Chancellor of the Exchequer (Sir John Simon)

Negotiations are now taking place in London with representatives of the German Government, and I am not at present in a position to make any further statement.

Mr. Strauss

Will the Chancellor say whether the German Government have been informed that unless they are prepared to agree to reasonable terms a clearing house arrangement will be set up for trade between this country and Germany?

Sir J. Simon

I think the hon. Gentleman will see that when negotiations are taking place there may be good reasons for making no further statement.

Mr. Mander

Is there not danger that unless firm action is taken, the Prime Minister's plan for a four-Power Pact may be endangered?