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Greece (Private Loan)

Volume 149: debated on Friday 16 December 1921

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asked the Chancellor of the Exchequer whether he is aware that the Greek Government is desirous of negotiating a private loan in this country; if so, whether it is understood that a substantial portion of that loan is to be expended in goods and material of a peaceful character purchased in Great Britain, and most of the remainder in the British Empire; and whether, under such circumstances, His Majesty's Treasury would view such a loan with favour, provided that the security offered was satisfactory to the parties negotiating it?

I am aware that the Greek Government has given indications of its desire to raise a loan in this country. I am not clear as to the amount so raised which it is proposed should be spent in this country, and have asked for information on this head. As to the last part of the question, it is not the practice of His Majesty's Government to indicate favour or disfavour to loans on the London market.