59. Mr. WEST RUSSELLasked the Secretary of State for Foreign Affairs whether the Chilean Government has yet made any proposals for fulfilling its obligations to British investors who have entrusted their savings to the Chilean Government; and, if any proposals have been made, will he state to what body or firm, and by what authority they will represent individual bondholders?
§ Mr. EDENSo far as I am aware, the position in regard to this matter has not changed since the answer given to my hon. and gallant Friend, the Member for South Paddington (Vice-Admiral Taylor), on 29th February last. The second part of the question, therefore, does not arise.
60. Mr. RUSSELLasked the Secretary of State for Foreign Affairs whether he will draw the attention of the Mexican Government to the losses of British savings entrusted to them by British investors and also, as we bought during the first six months of 1931 twice as much from Mexico as she bought from us, arrange that the Mexican Government should devote the credits thus set up in Britain in favour of Mexico towards meeting Mexican defaulted obligations in Britain?
§ Mr. EDENIf, as I assume, my hon. Friend is referring to the question of the Mexican Government bonds, which is being handled by the International Committee of Bankers, I would refer him to the full reply given to his question on 23rd March last. My right hon. Friend does not consider, in the circumstances, that the proposed action would serve any useful purpose.