Oral Answers to Questions — National Finance. – in the House of Commons at on 28 June 1933.
Mr David Grenfell
, Gower
asked the Chancellor of the exchequer whether any communication has passed since 22nd June between His Majesty's Government and the German Government or the Bank of International Settlements with regard to the proposal by the German Government to default on its declaration of good faith at the time of issue to maintain both interest and sinking fund on the London portion of the German Government International 5½ Per Cent. Loan, 1930?
Mr Leslie Hore-Belisha
, Plymouth, Devonport
The answer is in the negative.
The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.
The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.
The chancellor is the most senior figure at the Treasury, even though the prime minister holds an additional title of 'First Lord of the Treasury'. He normally resides at Number 11 Downing Street.
