§ Mr. A. T. DAVIESasked the Chancellor of the Exchequer whether an appli- 576W cation for a moratorium has been received from the Hungarian Government; whether Hungary has failed to nay the instalment now due to this country under the recent Treaty; and what decision has been arrived at by His Majesty's Government?
§ Viscount WOLMERI have been asked to reply. I assume that the question refers to the instalments payable by the Hungarian Clearing Office under the Convention concluded in December, 1921. If that is the case, the answer to the first part of the question is in the affirmative. The request of the Hungarian Government is now under consideration in connection with the instalment which will fall due on the 31st of this month. The previous instalments were met at maturity.