Germany (International Loan).

Oral Answers to Questions — Egypt. – in the House of Commons on 6th July 1922.

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Photo of Sir Patrick Hannon Sir Patrick Hannon , Birmingham Moseley

25.

asked the Prime Minister whether, in view of the serious internal situation in Germany, he will take steps to ensure a resumption of negotiations to provide that country with an international loan?

Photo of Sir Robert Horne Sir Robert Horne , Glasgow Hillhead

In view of the outcome of the recent meeting in Paris of the Committee of Bankers appointed by the Reparation Commission, I do not see what steps His Majesty's Government could usefully take at present in the sense desired by my hon. Friend.

Photo of Sir Patrick Hannon Sir Patrick Hannon , Birmingham Moseley

Does not the right hon. Gentleman realise the appalling condition of Germany now that the mark is at 2,000 to the £l, and, in view of the almost inevitable collapse, can the Government not do something now to get a loan?

Photo of Sir Robert Horne Sir Robert Horne , Glasgow Hillhead

Does my hon. Friend suggest that the loan should be provided for Germany? The Government would have to provide the money for the loan.

Photo of Mr William Thorne Mr William Thorne , West Ham Plaistow

Assuming that Germany goes bankrupt, have the Government considered exactly what they are going to do?

Photo of Sir Robert Horne Sir Robert Horne , Glasgow Hillhead

I do not think that Germany is very solvent at the present time. The state of Germany is a constant source of anxiety to the Government.