§ 69. Mr. HANNONasked the President of the Board of Trade whether, adverting to the circular issued by the Overseas Trade Department on 5th December relating to the recent decree of the Government of Brazil on exchange control, he will take into consideration the financial and trade disabilities which this decree will impose upon British manufacturers; and if he will make appropriate representations to the Government of Brazil for such modifications as may be essential to safeguard the interests of British trade in that country?
§ Mr. RUNCIMANHis Majesty's Ambassador in Rio de Janeiro has already made representations to the Brazilian Government in the desired sense.
§ Mr. HANNONCan my right hon. Friend say when he expects to have any definite reply?
§ Mr. RUNCIMANNo, Sir. I am afraid I cannot say that.
§ Sir ARTHUR MICHAEL SAMUELIs the right hon. Gentleman aware that unless he can succeed in obtaining a relaxation of these exchange controls no British manufacturer will dare to accept an order to send goods to Brazil, because he will not get paid?
§ Mr. RUNCIMANI am well aware of the fact that unless the exchange is on a stabilised footing, so that he knows where he stands, no wise exporter will take the risk.