asked the Chancellor of the Exchequer whether there is any immediate prospect of the embargo on foreign loans being removed?

I would refer the hon. Member to the full statement which I made to the House on the 19th July last in reply to a question put by the hon. and gallant Member for Peebles (Captain A. Ramsay). The position today remains as indicated in that statement, and I see no immediate prospect of any change.

Would it not be possible to allow carefully guarded credits to be arranged, as in the case of Russia, so as to stimulate our foreign trade?

I do not think can add anything to the statement I made.