HC Deb 06 June 1939 vol 348 cc216-7W
Colonel Burton

asked the Chancellor of the Exchequer whether he will consider the advisability of suggesting to the Bank for International Settlements or other holders of gold or specie for the account of Czecho-Slovakia that such gold or specie shall be retained in this country and the capital and/or income there from should be applied to the service of interest on loans and redemption of obligations of the late Czecho-Slovakian Government?

Sir J. Simon

I would refer my hon. And gallant Friend to the Czecho-Slovakia (Restrictions on Banking Accounts, etc.) Act and to the explanation as to its application and effect given yesterday by my right hon. Friend the Financial Secretary to the Treasury in reply to a question by my hon. Friend the Member for Tam-worth (Sir J. Mellor). As regards the Bank for International Settlements, I would refer to the full statement which I made yesterday after Questions, to which I have nothing to add.