United Spates and France (British Treasury Credits).

Oral Answers to Questions — National Finance. – in the House of Commons on 24th November 1931.

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Photo of Mr George Lambert Mr George Lambert , South Molton

64.

asked the Chancellor of the Exchequer how much of the credits granted to the Bank of England for approximately £50,000,000 by the Bank of France and the Federal Reserve Bank of New York has been repaid; and whether any portion of the credits for £80,000,000 granted to the Treasury has been repaid?

Mr. CHAMBERLAIN:

As regards the first part of the question, I can add nothing to the statement by the Bank of England published on the 31st October, of which I have already sent a copy to the right hon. Member. The answer to the last part of the question is in the negative.

Photo of Mr George Lambert Mr George Lambert , South Molton

Is my right hon. Friend aware that I cannot understand the statement which he sent to me from the Bank of England; and will he kindly say how much of this £30,900,000 has been repaid? It is a very simple matter.

Mr. CHAMBERLAIN:

I was not aware that my right hon. Friend could not understand the statement. If he will be good enough to come and see me, I will endeavour to make everything clear to him.