FOREIGN ISSUES
QUESTIONS IN COMMONS
(British Omclal Wlrelesj.l (Received June 18, 1 p.m:)
RUGBY, June 17.
In reply to a member who wanted him, before-relaxing the restrictions on foreign issues, to take certain action in respect of foreign borrowers who had defaulted in the past, the Chancellor of the Exchequer declined in the House of Commons to discuss suggestions, stating: "I do not contemplate any change of policy regarding foreign issues, therefore the question does not arise."
In the course of another answer relating to gold, Sir John Simon remarked: "I am not disposed to accept the view implied in the question that gold appears likely to lose its importance as the medium of International exchange." The Chancellor .was also asked to estimate the total of British short-term obligations to overseas creditors in relation to gold available as a reserve against them. He replied-that he was not in a position to give any formal estimate. "From such evidence as is available, however," he said, "I am satisfied that any increase in our liabilities in the last six years which _ includes the increase in our liabilities to other parts of the Empire has been far more than covered by the growth in our reserves."
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Bibliographic details
Evening Post, Volume CXXIII, Issue 143, 18 June 1937, Page 13
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203FOREIGN ISSUES Evening Post, Volume CXXIII, Issue 143, 18 June 1937, Page 13
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