HC Deb 04 July 1939 vol 349 cc1095-6
22. Mr. Gallacher

asked the Secretary of State for Dominion Affairs whether His Majesty's Government will take advantage of the presence in London of the Finance Minister of New Zealand, in order to discuss with him matters of mutual interest to this country and New Zealand; and whether it is the policy of His Majesty's Government to extend to Dominion Governments facilities in regard to loans, at least as favourable as any that have been granted to non-Empire countries?

Sir T. Inskip

I would refer the hon. Member to the reply given by the Chancellor of the Exchequer on 21st June to the hon. Member for Govan (Mr. Maclean). I am not at present in a position to add anything to that reply, except to say that the discussions with Mr. Nash are continuing.

Mr. Gallacher

Is the Minister not aware of the desirability, or even the necessity, of the Government taking such steps as these in order to counter the unscrupulous attack which has been made on the New Zealand Government by the Bank of England?

Sir T. Inskip

That is a statement which should not pass without repudiation.

Mr. Stephen

Can the House have an assurance that New Zealand will get as good terms as any non-Empire country?

Sir T. Inskip

I am sure that it is the policy of His Majesty's Government to give as good terms as possible to New Zealand, and in any case better than any non-Empire country.

Mr. Gallacher

Will the right: hon Gentleman ask Mr. Nash his opinion of the Bank of England?