HC Deb 22 February 1949 vol 461 cc253-4W
Mr. Walker-Smith

asked the Chancellor of the Exchequer what is being done in the interests of holders of Young Loan, German Interest Enfaced 4½ per cent. Sterling Bonds, 1930, on which no interest has been paid since June, 1939; and whether this debt will be cleared out of German assets in this country.

Sir S. Cripps

I am keeping the interests of these holders in mind, but see no immediate possibility of Germany beginning to discharge her obligation. As regards the second part of the Question, this suggestion is being considered but I cannot yet make a statement.