HC Deb 24 February 1930 vol 235 cc1846-7
17. Mr. ALLEN

asked the Secretary of State for Foreign Affairs whether His Majesty's Government hold the Government of the Union of Socialist Soviet Republics responsible in respect of principal and interest on loans to the municipality of Moscow and other Russian cities?

Mr. A. HENDERSON

Yes, Sir.

Mr. ALLEN

Would it not also be logical to hold the United States Government responsible for the repudiation of certain debts by Carolina and other States of the American Union?

18. Mr. ALLEN

asked the Secretary of State for Foreign Affairs what proportion of the obligations in loans repudiated and private undertakings nationalised by the Soviet Government are held by British investors who purchased during the regime of the late Imperial Government; and what proportion are held by British investors who purchased subsequent to the repudiation of loans and the decrees of nationalisation of the Soviet Government?

Mr. HENDERSON

I am not in a position to state the exact proportions of such obligations held respectively by British investors who purchased their holdings before and after the revolution.

Mr. ALLEN

Is there not a distinction between bonâ fide investors in Russian industry before the Decree of Nationalisation and those who purchased shares after the Decree of Nationalisation?

Mr. HENDERSON

I do not think that that is the question which is on the Order Paper.

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