– in the House of Commons am ar 27 Mehefin 1933.
Captain SHAW:
46.asked the Chancellor of the exchequer whether he is aware that the German Government has announced its intention to default upon its contractual obligations to maintain the sterling service of interest and sinking funds on the 5½ per cent. German international loan issued in London; and whether he will request His Majesty's Ambassador in Berlin to make a protest to the German Government and ask for observance of contracts?
Mr Leslie Hore-Belisha
, Plymouth, Devonport
I would refer my hon. Friend to the reply which I gave to my hon. Friend the Member for North Newcastle (Sir N. Grattan-Doyle) on Thursday last.
The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.
The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.
The chancellor is the most senior figure at the Treasury, even though the prime minister holds an additional title of 'First Lord of the Treasury'. He normally resides at Number 11 Downing Street.
