HC Deb 30 July 1923 vol 167 c1009
19. Mr. WISE

asked the Under-Secretary of State for Foreign Affairs which of the external loans of the Chinese Government are not paying their interest?

Mr. McNEILL

Of the loans publicly issued in this country the Chinese Government have defaulted on the 8 per cent. sterling Treasury Notes 1925–9 and the 8 per cent. 10-year Treasury Bills, commonly known as the 'Vickers" and "Marconi" loans respectively; both of these were unsecured loans. I am not in a position to give information regarding loans issued in other countries, or loans not involving a public issue.