Economic Co-operation Agreement

HC Deb 20 January 1949 vol 460 cc52-3W

Mr. Piratin

asked the Chancellor of the Exchequer whether he will now make a statement on the loan under the Economic Co-operation Agreement and the interest rate and terms of repayment thereon.

Sir S. Cripps

I would refer the hon. Member to the White Paper on the Loan Agreement published as Cmd. 7550.

Mr. Gallacher

asked the Chancellor of the Exchequer what are the unpredictable and rapidly changing events to which he refers in paragraph 7 of Command Paper No. 7572, on European Co-operation, which make it impossible to draw up a firm, pre-determined economic plan.

Sir S. Cripps

I would refer the hon. Member to paragraph 3 of the Long-Term Programme published in Command 7572, to which I have nothing to add.