§ Sir N. Grattan-Doyleasked the Prime Minister whether he will inform the German Government that any resumed discussion on German and Austrian obligations to British subjects must provide for a restoration of the defaulted sinking fund contract on the German Government International 5½ per cent. 1930 (Young) Loan; and will he make it clear that there will be no hesitation in transforming the Anglo-German payments agreement into an exchange clearing arrangement if a solution cannot be otherwise arrived at acceptable to the British negotiators?
§ Sir J. SimonI have been asked to reply. My hon. Friend may rest assured that every effort will be made, in consultation with the representatives of the bondholders, to secure satisfaction of British interests in these matters. I do not consider that it would be desirable for me to say more at present.