Russia (Loan).

Oral Answers to Questions — Genoa Conference. – in the House of Commons on 11th May 1922.

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Colonel NEWMAN:

30.

asked the Lord Privy Seal whether he has been able to transmit to the British delegation at Genoa the fact that the people of this country are opposed to the grant of a money subsidy, cither by way of a direct loan or under the guise of a State-subsidised trade facilities agreement, to the Communist Government of Russia; and is he able to say that the Russian Government has already been made aware of this fact by the British delegation?

Photo of Sir Robert Horne Sir Robert Horne , Glasgow Hillhead

His Majesty's Government have made it perfectly clear that they are not prepared to make a loan to the Soviet Government. The character of the proposals, which they are prepared to make to Parliament, will be seen by reference to the Memorandum sent to the Russian representatives at Genoa on 3rd May. This document has been laid, and copies will, I hope, be available in the Vote Office to-morrow.

Photo of Lieut-Colonel Martin Archer-Shee Lieut-Colonel Martin Archer-Shee , Finsbury

With reference to the Prime Minister's recent speech at Genoa, in which he stated he was going down with the sinking ship, can the right hon. Gentleman say whether that ship was the Coalition or European peace?

Photo of Sir Robert Horne Sir Robert Horne , Glasgow Hillhead

I do not know of any such statement.

Photo of Sir John Butcher Sir John Butcher , City of York

Will the right hon. Gentleman give us an assurance that not only is no direct loan to be made to the Soviet Government, but that we shall not do it in any indirect form, such as by granting a credit.

Photo of Sir Robert Horne Sir Robert Horne , Glasgow Hillhead

That is a question which requires a definition.