HC Deb 17 June 1948 vol 452 c67W
51. Mr. Teeling

asked the Chancellor of the Exchequer whether, as a result of the new Japanese sterling area trading agreement, a sterling loan is contemplated for Japan by this country or any other member of the Commonwealth; and what arrangements he is making to protect holders of previous sterling loans to Japan.

Mr. Glenvil Hall

Preliminary consideration is being given to a proposal for a sterling credit to finance exports from the sterling area to occupied Japan. Protection of the rights of holders of prewar sterling loans to Japan is another matter which may properly be dealt with in discussions for a Peace Treaty.

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