Romer) asked the Chancellor of the Exchequer if he is aware that his Excellency Dr, 'T. V, Soong is now engaged in negotiating with a prominent firm of London bankers' for 'a large loan for China, the proceeds of which may be used for the purchase of goods abroad; and if he will make a condition should be expended Jon the purchase of goods in this country?
Sir N. Gratton-Doyle asked the! Chancellor of the Exchequer who ther he will notify the Chinese authorities that the publi London of a further loan will not, be authorised by Jesty's Government unless and until the hardships suffered already by British investors owing to the defaults upon Chinese" Government debts, and railway loans have been remedied?
Mr. Here-Belisha: would remind my hon. friends that no. foreign loans are being issued in London at present, and, so far as T am aware, no negotiations of the kind sug: [gested are taking place.
Mr. Hannen; In the case of a
principle suggested in the question foreign Joan Being issued, will the be observed?
Mason: Is it not the ease that all foreign loans negotiate fed. in this country Paid either in goods or services? The first. question was hypothetical and the second Sic A. Int Samu But is my hon. friend aware that, even though loans to foreigners leave these shores in the form of exports, if {the Toans, as has been the case re-leantly, are defaulted upon, the ex: ports are merely gifts to the: bor-
Text read from the printed page and cleaned; old type leaves the occasional error.