§ 5. Sir W. DAVISONasked the Secretary of State for Foreign Affairs whether he is aware that in the case of the City of Riga 4½ per cent. loan of £1,322,700, floated in this country in February, 1914, at 91½, redeemable by drawings within 39 years, no interest has been paid or drawings made since 1917, and whether he will cause representations to be made on behalf of the British holders of the above loan?
Mr. A. HENDERSONI am aware that this loan is in default, but I understand that negotiations for a settlement have been proceeding between the municipality and the bondholders' representatives. The latter will doubtless approach me whenever they desire assistance in the negotiations.