The Archive · 1939

Transfer of Czech Gold Tu Commons

Sir John Simon Regrets Difficult Situation

London, June 20.

The transfer of Czech gold to Germany was again the subject of a seríes of questions in the House of Commons today.

Sir John Simon, Chancellor of the Exchequer, said that the assets referred to were entrusted to the Bank of International Settlements by the National Bank of Czechoslovakia.

The British Government, he added, could not accept responsibility for the action of the Bank of International Settlements, and the British members on the Board of this bank were not responsible to the Government, He declined the suggestion that a conference of the signatories to the convention setting up the bank should be called to alter the bank's organisation, The recent event was very deplorable, he said, but it also was very "unusual and the general usefulness of the bank in other ways was accepted.

Sir John Simon regretted what had happened, and had done his best io discover if there was any means whereby he could change the bank's constitution, "but there are obviously very great difficulties

Text read from the printed page and cleaned; old type leaves the occasional error.

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