HC Deb 14 November 1932 vol 270 cc737-8
63. Mr. CHORLTON

asked the President of the Board of Trade if any arrangements have yet been come to with the Hungarian Government to relax exchange restrictions affecting the trade of this country?

Lieut.-Colonel COLVILLE

No, Sir. The position as regards Hungary is unsatisfactory. It is also one of particular difficulty, and is receiving special consideration.

Mr. CHORLTON

Can the hon. and gallant Gentleman tell us when these restrictions, which are causing so much difficulty to trade, are likely to be withdrawn?

Lieut.-Colonel COLVILLE

The Government are aware of the difficulty these restrictions have caused, and repre sentations in that sense have 'been addressed to the Hungarian Government. I can only say that this matter is regarded as of importance, and will be followed up.

64. Mr. CHORLTON

asked the President of the Board of Trade if he will state what arrangements have been made by the Greek Government to relax currency restrictions affecting the trade of this country?

Lieut.-Colonel COLVILLE

The Bank of Greece has authorised the release of exchange in respect of 10 per cent. of the amounts of a number of debts due to British firms, but that remittance is dependent upon application being made for exchange by the debtors concerned, His Majesty's Government are not yet satisfied with the treatment accorded to British creditors, and representations are being made to the Greek Government on this subject.

Mr. CHORLTON

Will the hon. and gallant Gentleman say whether special care is being taken to notify all those concerned in this subject?

Lieut.-Colonel COLVILLE

Yes, Sir. The Department of Overseas Trade have sent out a special circular on this subject. Certain concessions have been made by the Greek Government, but we do not yet consider the position satisfactory.

Sir ASSHETON POWNALL

If the Greek Government will not relax this currency restriction, cannot we restrict their currants?

Lieut.-Colonel COLVILLE

All considerations will be borne in mind.

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