§ 22. Sir BERTRAM FALLEasked the Secretary of State for Foreign Affairs if he will ascertain whether the Brazilian Government has given any undertaking that the currency to be deposited to cover the default on its obligations to British investors shall not be used for the reduction of Federal or State budget deficits; and, if not, will the British Commercial Secretary in Brazil be associated as trustee in Brazil of the currency deposited for unorganised British investors?
§ Sir J. SIMONI would refer my hon. Friend to the terms of the agreement relating to the Third Funding Loan, which appeared in the Press this morning, by which the Brazilian Government undertook to deposit in local banks the sum necessary to cover the default on its obligations. In these circumstances I do not consider that any useful purpose would be served by making representations in the sense suggested. The second part of the question does not therefore arise.