asked the Secretary of State for Foreign Affairs whether his attention has been drawn to the forcing of Konversionskasse scrip upon British investors in respect of the defaulted obligations of German public authorities; and what steps the British Government proposes to take to protest against the preferential treatment of scrip accorded to Switzerland and Holland to the detriment of British subjects, while there is a remedy available in the Anglo-German trade balance and also in the use of an Anglo-German clearing-house system for imports and exports?

I would refer to the reply given to the hon. Baronet the Member for Farnham (Sir A. M. Samuel) on the 13th November last. I can assure my hon. Friend that the matter is receiving the closest consideration on the part of His Majesty's Government, but I am not in a position to make any further statement at present.