HC Deb 23 December 1929 vol 233 cc1938-9W
Mr. SMITHERS

asked the Chancellor of the Exchequer whether he will arrange for the payment of war debt due to this country from France to be made in gold so as to counteract the constant withdrawal of gold to France from this country?

Mr. P. SNOWDEN

Under the terms of the Agreement of the settlement of the French War Debt to this country the payments are to be made in sterling, and it is not open to His Majesty's Government to ask for payment in actual gold.