HC Deb 24 October 1932 vol 269 c586
26. Lord SCONE

asked the Secretary of State for Foreign Affairs if he will ascertain and report to the House why no statement has yet appeared with respect to the payment to British investors of the interest and sinking fund payments on the defaulted obligations of the state of Rio de Janeiro?


I understand that a representative of the official Fiscal Agents for the British investors has been engaged in direct negotiations on this matter in Rio de Janeiro for some time past with the representatives of the State of Rio de Janeiro, and that it is not considered desirable to issue any public statement on the matter pending the completion of these negotiations. I am further informed that since the reply returned to my hon. Friend the Member for Tyne-mouth (Mr. A. W. Russell) on the 20th June last the State has made further large currency deposits pending the completion of an arrangement regarding these loans.