§ Sir F. WISEasked the Chancellor of the Exchequer if the International Acceptance Bank has placed at the disposal of the new German Gold Discount Bank a credit for Germany in dollars; 460W how this affects the Treaty of Versailles; and has it the full approval of the Reparation Committee?
§ Mr. SNOWDENI have no information on this subject beyond what has appeared in the Press. As I understand it, the discount bank has secured an agreement by which approved German trade bills endorsed by American banks can be rediscounted in the United States. The grant of private banking credits of this nature in no way affects the Treaty of Versailles and, so far as I am aware, the Reparation Commission is not called upon to express approval or disapproval.