§ Mr. DENMANasked the Chancellor of the Exchequer having regard to the fact that the Colonial Development Act, 1929, was passed in order to make grants or loans for such purposes as are contemplated in the proposed development of Palestine, if he will state why the Treasury decline to apply the Act to that case?
§ Mr. P. SNOWDENThe development scheme contemplated in Palestine is not, in my judgment, within the scope of the Colonial Development Act. For this reason, His Majesty's Government propose, as already stated by my hon. Friend, the Parliamentary Under-Secretary for the Colonies, to guarantee the necessary loan and to propose to Parliament certain provisions from Votes-in-aid of the loan charges in the first years of the scheme.