HC Deb 20 June 1932 vol 267 cc759-60
16. Captain WATT

asked the Secretary to the Overseas Trade Department the number of countries that have imposed restrictions on the payment of external commercial debts?

Mr. COLVILLE

I beg to refer my hon. Friend to the answer I gave to the hon. Member for Dudley (Mr. Joel) on 8th June, of which I am sending him a copy.

17. Captain WATT

asked the Secretary to the Overseas Trade Department what the effect has been and is on our trade of the restrictions on payment imposed by the Government of Hungary?

Mr. COLVILLE

For the period January to March, 1932, imports into Hungary from Great Britain were 42 per cent. less than in the corresponding period of 1931, while exports to Great Britain fell by 63 per cent. The corresponding figures for trade with all countries show a reduction in total imports into Hungary of 40 per cent. and in total exports from Hungary of 45 per cent. These marked decreases are due not only to the exchange control, but also to the difficult economic situation in Hungary.