§ 49. Mr. A. Hendersonasked the Chancellor of the Exchequer whether he will give an assurance that His Majesty's Government will not sanction the raising of any loan by or on behalf of the Spanish Government until all outstanding questions between both countries have been settled?
§ Sir J. SimonI would refer the hon. and learned Member to the answer which I gave on 18th May to the hon. Member for North Lambeth (Mr. G. Strauss) and other hon. Members.
§ Mr. HendersonIs the right hon. Gentleman aware that the answer to which he has referred me indicates that the position was not suitable for the granting of international loans? Would that cover any application for the granting of credits under the Export Credits Act?
§ Sir J. SimonThe answer to which I have referred the hon. and learned Member was an answer regarding loans raised in the London market. I pointed out that the conditions were not such as to make that a practical policy. I think the export credit question is a separate one, and I do not think that my answer covered that, nor indeed did the question.
§ Mr. WatkinsHave the Spanish Government put down anything towards meeting their obligations with regard to compensation for loss of life and damage to our shipping?
§ Sir J. SimonThat is another question.