§ 1. Mr. H. WILLIAMS(for Mr. WEST RUSSELL) asked the Secretary of State for Foreign Affairs whether, in view of the fact that no assent was sought or obtained from individual bondholders to the funding scheme accepted by those firms who sold Brazilian bonds to British investors, he will now authorise an official of the British Government to represent the general body of British holders of Brazilian bonds before the bond-selling houses require lodgment of securities or tacit acceptance of the funding scheme?
§ Mr. EDENI would refer my hon. Friend to the terms of the reply given to my hon. Friend the Member for the City of Chester (Sir C. Cayzer), on the 21st of March, which apply equally in this case. The position as regards the 3931 Brazilian funding plan is that a definite offer has been made to the bondholders 827 by the Brazilian Government and, as on the occasion of the previous Brazilian funding plan, the acceptance of the offer is a matter for the individual bondholders and is signified by the presentation of the coupons for funding.