Oral Answers to Questions — Czecho-Slovakia.

– in the House of Commons at on 21 March 1939.

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Photo of Sir Geoffrey Mander Sir Geoffrey Mander , Wolverhampton East

asked the Chancellor of the Exchequer the present position with regard to Czecho-Slovak balances in the Bank of England; whether any applications for exceptional withdrawals have been made; and whether the restrictions announced apply also to the joint stock banks?

Photo of Mr John Simon Mr John Simon , Spen Valley

I would refer the hon. Member to the replies given to the hon. Member for North Lambeth (Mr. G. Strauss) on 16th March, and to my hon. And gallant Friend the Member for North-West Kingston-upon-Hull (Sir A. Lambert Ward) and the hon. Member for Jarrow (Miss Wilkinson) yesterday. In reply to the second part of the question, any applications for withdrawals from accounts covered by the Treasury request will have been dealt with in accordance with that request, but I am not in a position to say what applications have been made.

Photo of Sir Geoffrey Mander Sir Geoffrey Mander , Wolverhampton East

Do these restrictions apply to the joint stock banks?

Photo of Mr John Simon Mr John Simon , Spen Valley

Yes, an answer has already been given in the House that a request has been made to the banks to take the course we suggest.

Photo of Mr Arthur Henderson Mr Arthur Henderson , Kingswinford

asked the Chancellor of the Exchequer the value of British investments in Czecho-Slovakia; and what steps His Majesty's Government propose to take to protect such investments following the recent annexation of Czecho-Slovakia by Germany?

Photo of Mr Frederick Bellenger Mr Frederick Bellenger , Bassetlaw

asked the Chancellor of the Exchequer the present position with regard to loan obligations of the late Czecho-Slovakian State?

Photo of Mr John Simon Mr John Simon , Spen Valley

The loan obligations of the former Czecho-Slovak State have always been punctually met and there is no default at present. I am unable to give any estimates of the value of British investments in Czecho-Slovakia. The Bill on the subject of Czecho-Slovak assets in this country to which I referred yesterday at Question Time is being presented to-day, and I would ask to postpone any further statement until the Bill is discussed.

Photo of Mr Frederick Bellenger Mr Frederick Bellenger , Bassetlaw

Will the Chancellor be in a position when that Bill is introduced to state the position in regard to the loan obligations of the old Czecho-Slovak State in view of the non-recognition by His Majesty's Government of the annexation of that State by Germany?

Photo of Mr John Simon Mr John Simon , Spen Valley

There will be a statement about that.

Photo of Sir Geoffrey Mander Sir Geoffrey Mander , Wolverhampton East

asked the Prime Minister the extent to which the armed forces of Germany have been increased as a result of the seizure of Czecho-Slovakia?

Photo of Mr R.A. Butler Mr R.A. Butler , Saffron Walden

So far as I am aware, the man-power of the German army will not be affected by the annexation of Bohemia and Moravia. As regards armaments, I would refer the hon. Member to the reply given yesterday to the hon. Member for Derby (Mr. Noel-Baker).

Photo of Sir Geoffrey Mander Sir Geoffrey Mander , Wolverhampton East

But is it not the case that there will be first-class equipment for the whole of the new army—something like 700 first-class aeroplanes and the whole of the Skoda Works? Is it not possible to provide information about those things?

Photo of Mr R.A. Butler Mr R.A. Butler , Saffron Walden

It is very difficult to give the hon. Member exact information, but no doubt they will have much extra material.

Photo of Colonel Albert Ward Colonel Albert Ward , Kingston upon Hull North West

Is it not also the fact that owing to the heavy guns and rifles being of a different calibre from those of the Germans the advantage gained will not be nearly as much as would appear?

Photo of Mr Philip Noel-Baker Mr Philip Noel-Baker , Derby

Is it not a fact that there is equipment for 1,000,000 men together with very ample stocks of ammunition?