Promised; Hostilities to Be Taken Into Account London, July 14.
The question of a British loan for China was raised in the House of }Commons today.
Arthur'
Greenwood, Labour member for Wakefield, asked Sir John Simon, Chancellor of the Exchequer, "whether the Chinese Government has applied to the British Government for a loan and, if so, has the application been agreed to."
In reply Sir John Simon said that various proposals had been made by the Chinese Government for obtaining a loan in Great Britain. As he had stated in replying to Mr. Arthur Henderson on April 14, if in the pres. ent circumstances the Chinese Government found it possible to obtain a loan from British financial institutions, any request for Government approval would be sympathetically considered.
The Government, Sir John Simon added, had no power itself to grant or guarantee a loan without special legislation, which in, the present circumstances it had not seen it introduce, Sir John Wardlaw-Milne, Conservative member for the Kidder-minister division of Worcestershire, asked if the Chancellor had realized the immense importance which all British insituttions in China would give to the possibility of a loan being guaranteed to the Chinese Government at the present time in some form or other.
The reply, however, was inaudible owing to a temporary disturbance in the public gallery.
Text read from the printed page and cleaned; old type leaves the occasional error.