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BRITISH REPRISALS BILL'
GERMAN DEBT DEFAULT
LONDON, June 21. The HDaily Telegraph's " lobbyist says, that the Debts Clearing Offices and Import Restrictions Reprisals Bill will be passed through all -stages of the House of Commons on Monday or Tuesday.
Though the Bill owes its origin to the German default, the new powers will have general application. The trade balance between Britain aha Germany is greatly in Germany's favour. Britain last year sent £15,000,000 worth of exports to Germany and /bought g. 30,000,000 worth of German goods. The Bill empowers the Treasury to establish clearing offices if it appears that any foreign country's payments or transfers to residents of the .United Kingdom are subjected to restrictions, or prohibited or discontinued. It also empowers the Board of Trade to restrict imports from a. foreign country which imposes quantitative discriminatory .restrictions on its imports from tho United Kingdom, tho Channel Islands, Newfoundland, colonies, protectorates, and mandated terrritories.
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Bibliographic details
Evening Post, Volume CXVII, Issue 146, 22 June 1934, Page 9
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156QUICK PASSAGE Evening Post, Volume CXVII, Issue 146, 22 June 1934, Page 9
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