§ Sir N. GRATTAN-DOYLEasked the Chancellor of the Exchequer the nominal total amount of the loans supervised by the League of Nations which have been raised in London for the benefit of Greece?
§ Major ELLIOTI would refer my hon. Friend to the statement circulated in reply to his question of 13th April.
§ Sir N. GRATTAN-DOYLEasked the Chancellor of the Exchequer whether, 586W before acquiescing in the flotation in Britain of loans issued in agreement with Frence under the supervision of the League of Nations, he will in future stipulate that the French Government shall allow French issuing houses to float in France League of Nations loans in the same proportion as they are floated here?
§ Major ELLIOTWhile the country gave cordial support to the financial policy of reconstruction, of which these loans form a part, it was thought best to leave it to the markets to decide as to the placing of foreign loans issued in furtherance of that policy. In the circumstances of the present time I think that principles such as my hon. Friend advocates command wide assent, and I shall undertake to convey them to my right hon. Friend the Chancellor of the Exchequer.