HC Deb 08 March 1933 vol 275 cc1172-3

asked the Secretary of State for Foreign Affairs if he will direct His Majesty's Minister at Rio de Janeiro to ascertain the details of the official proposals offered last week regarding the British-owned defaulted obligations of the Brazilian provincial and municipal authorities, and to represent that those proposals shall include a readjustment of the tramcar and ferry fares in which British investors are involved by reason of their interests in the Leopoldina Railroad and Leopoldina Railroad Terminal Company?


I have received a report from His Majesty's Ambassador at Rio de Janeiro in regard to the matter with which the first part of my hon. Friend's question is concerned. These proposals do not appear to be such that they could be applicable to a readjustment of the fares of the Leopoldina Railroad Company and the Leopoldina Railroad Terminal Company, in regard to which I would refer my hon. Friend to the reply which was returned to the hon. Member for Aberdare (Mr. G. Hall) on the 13th June last.


But is not the present occasion of arranging with the Rio de Janeiro authorities about their defaults on their Loan obligations also an opportunity for negotiating with those same authorities respecting the other default on their obligations to British investors in relation to the adjustment of tram and ferry fares on the Leopoldina systems?


It did not appear to me that the matter dealt with in the first part of the question was at all the same subject matter as that referred to in the second part. Therefore, I must refer to the answer which I gave on the 13th June.