§ 8. Mr. A. M. SAMUELasked the Under-Secretary of State for Foreign Affairs whether His Majesty's Government have any information in regard to the decision of the Budapest municipality, recently reported, to send representatives to London for the settlement of their pre-War debts and to negotiate a new loan for Budapest; and what steps, if any, His Majesty's Government propose to take for the protection of present and, possibly, future British creditors of that municipality?
§ The PARLIAMENTARY SECRETARY to the BOARD of TRADE (Sir W. Mitchell-Thomson)I have been asked to reply. I have no information as regards the first part of the question. Claims by British creditors in respect of coupons and drawn bonds of the Budapest Municipality which became payable before or during the War should he lodged with the Department for the Administration of Hungarian Property, for notification to the Hungarian Clearing Office under Article 231 of the Treaty of Trianon.
§ Mr. SAMUELIs the hon. Gentleman aware that all that has been done, and that nothing has come of it? Is it not desirable that representations should be made by the Foreign Office that the Government would welcome any attempt en the part of Budapest to come to some sort of settlement.