HC Deb 11 July 1939 vol 349 cc2054-5
50. Mr. G. Strauss

asked the Chancellor of the Exchequer whether, in view of the default of the Bank of Danzig, he will protect the interests of British creditors by taking action similar to the Czecho-Slovakia (Restriction of Banking Accounts, etc.) Bill?

Sir J. Simon

The answer is in the negative. The two cases referred to are not comparable.

Mr. Strauss

Is the Chancellor aware that the effect of the default of the Bank of Danzig is that the bank's considerable resources will not be available for foreign creditors, but will be used for a different purpose?

Sir J. Simon

I think it will be quite plain to the hon. Gentleman that the two cases are not in the least comparable.

Mr. Strauss

Is the Chancellor in a position to ascertain from the Bank of England whether that bank holds any of the deposits or assets of the Bank of Danzig?

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