asked the Chancellor of the Exchequer when he expects to be in a position to make a statement on the proposed £500,000,000 defence loan?

I cannot at present say when such a statement is likely to be made.

Can the right hon. Gentleman say whether it is likely that an attempt will be made to float the loan during the Parliamentary Recess?

I think all the precedents indicate that it is better not to make any statement on the subject. If the hon. Gentleman will allow me to suggest it to him, I think it would be better not to answer that question.