asked the Chancellor of the Exchequer if all the Allies will participate in the £40,000,000 loan to Germany?

I understand that negotiations are now being conducted by the German Government with this object. I have good hopes that the adequate participations will be secured.

Mr. G. D. SOMERVILLE:

Can the right hon. Gentleman state what proportion of the loan will be issued in this country?

I do not at present know.