HC Deb 12 March 1923 vol 161 cc1018-9
36. Sir ROBERT NEWMAN

asked the Under-Secretary of State for Foreign Affairs, whether the Rumanian Government is reviewing its debts to foreign holders; if so, whether he will draw the attention of the Roumanian Minister in London to the fact that the Roumanian Government is in partial default to British holders of Rumanian 4 per cent. 1908 bonds in respect to the contract to repay capital by a sinking fund and to pay the coupons in gold lei; and whether he will ask what steps the Roumanian authorities propose to take to honour to British subjects their obligations as printed on the bonds and coupons of their 1908 loan?

Mr. McNEILL

As a result of negotiations between the Rumanian Government and His Majesty's Government, a special Rumanian Commission has been appointed to investigate the claims of holders of these bonds in this country and to arrange for the payment of interest due. This Commission arrived in London on the 14th February last, and is lodged at the Rumanian Legation.