HC Deb 04 May 1939 vol 346 cc2071-2
71. Mr. Arthur Henderson

asked the President of the Board of Trade whether he has any statement to make on the progress of the trade negotiations at present taking place with the Rumanian Government?

72. Lieut.-Commander Fletcher

asked the President of the Board of Trade whether he will make a statement concerning the progress of trade negotiations with Rumania?

The President of the Board of Trade (Mr. Oliver Stanley)

The discussions are still proceeding, and I am not yet in a position to make a statement.

Mr. Henderson

Has the right hon. Gentleman's attention been drawn to German propaganda to the effect that Britain is offering friendship at 6½per cent., and may I ask for an assurance that, in the event of a loan being granted to Rumania, excessive rates of interest will not be charged?

Mr. Stanley

Certainly, excessive rates will not be charged. Obviously, the House will not expect me to discuss at this stage what the appropriate rate is.

Lieut.-Commander Fletcher

May I ask whether there is any hitch in these negotiations, and if so, has it anything to do with a loan being offered to Rumania and a high rate of interest being asked?

Mr. Stanley

There is no hitch. I would advise all hon. Members to treat all Press reports on this subject with great reserve.