Regarding the question of a loan to China, Lord Halifax said that there was uncertainty whether the loan would achieve its object of maintain ing the Chinese currency during the war.
He. assured the House that the Lord Blibank claimed that Grest Britain had the right to protect her own interests, and wherever assailed to take every legitimate measures the protection.
"ut the Japanese wil not listen to reason—and we surely do not posite to fight them ina military seine—we' should uso. other measures, this end)" he declared.
Lord Elibsmk said. that ho would like'to see the Governments of the Btish Empire arrange a plan under which' Japan, would respect Britain's Interests "In Chinn, "We should, through import duties and other means, reduce Japan's ex: port ade in the British Empire, the limit which will" male her understand that two eat play at that alme," Led Blank stated Government would be entirely ready to consider other proposals on the merits. 5 lines of export credits on. their
There was manifested at the Brussels Conference, Lord Halifax concluded, a general desire to offer good services if and when these appeared hopeful.
The Government were entirely ready to contribute their efforts} whenever they could see which he did not see much today—of profitable results.
In the earlier stages of the debate, Lord Snell asked whether the Government's decision regarding the proposed China loan was final, whether it might be reconsidered,.or any alternative help such as the expansion of export credit facilities granted.
The Marquis of Crewe said that it seemed to some of them that the mere fact that the China loan could Met be regarded as a gilt-edged security by the Exchequer should not necessarily be over-riding its consideration, if political arguments, in its favour were sound.
Text read from the printed page and cleaned; old type leaves the occasional error.