HC Deb 31 January 1957 vol 563 cc1158-9
34. Mr. Rippon

asked the Chancellor of the Exchequer whether the Government, in view of the strengthened position of sterling, will now withdraw the claim which has been made for the waiver of interest due under agreements with the Government of the United States of America and the Government of Canada dated December, 1945, and March, 1946, respectively.

Mr. Birch

No, Sir.

Mr. Rippon

Is my right hon. Friend aware that many people believe that the credit and negotiating position of this country in relation to clarification of the agreement would be strengthened and not weakened if this claim were to be withdrawn?

Mr. Birch

We made the claim for the waiver on the grounds that we thought the conditions which were laid down in the agreement were satisfied, and we believe that to be true.

Mr. Cronin

Is the right hon. Gentleman aware of the very detrimental effect it will have on our reputation to have the reasons for this claim debated in Congress, as must be the case?

Mr. Birch

I do not believe that there will be any detrimental result.