§ 15. Mr. Moreingasked the Secretary of State for Foreign Affairs whether he will represent to the Chinese Government the damage to their financial credit that is being caused by the failure of the Chinese courts to give prompt redress to foreign lenders of money on mortgage to Chinese borrowers in the event of default in payment of principal or interest in accordance with the terms of the mortgage bond?
§ Mr. EdenI have no evidence that the credit of the Chinese Government has been adversely affected by the attitude of the Chinese courts to foreign mortgagees, but I will bear the point in mind.
§ 16. Mr. Moreingasked the Secretary of State for Foreign Affairs whether his attention has been drawn to the fact that the mortgage of real property is ceasing to be an instrument of credit in Shanghai owing to the difficulty of realising the security in the case of default; and whether he will draw the attention of the Chinese Government to the hindrance to trade recovery occasioned by the disappearance of the customary method of financing commercial transactions?
§ Mr. MoreingWould my right hon. Friend consider receiving a deputation on this matter, which is causing the greatest concern among the British community in Shanghai and in other parts of China?