HC Deb 15 October 1940 vol 365 c603
64. Mr. Noel-Baker

asked the Chancellor of the Exchequer whether His Majesty's Government will grant a loan to the Chinese Government under the Export Credits Scheme or otherwise, similar to that recently granted by the Government of the United States of America?

Sir K. Wood

No fresh loan to China is under consideration at the present time; but, as the House is aware, this country has already received financial assistance under the China (Currency Stabilisation) Act, 1939, and the Export Credits scheme.

Mr. Noel-Baker

Will the Government consider making a further extension of export credits to enable China to purchase oil from Burma?

Sir K. Wood

As the sterling available to the Stabilisation Fund is not exhausted, and as only a small part of the export guarantees has been taken up owing to our own increased supply needs, I do not think that any question of further sterling assistance arises at present.

Mr. Noel-Baker

Would it not be possible to take up more of the export-credit money for the purpose of purchasing oil from Burma?

Sir K. Wood

I must ask my hon. Friend to put that Question on the Paper.