HC Deb 12 February 1934 vol 285 c1567

asked the Secretary of State for Foreign Affairs whether he is aware that the Rumanian Government is offering half the sterling face value of the interest payable upon certain of its loans issued in London in 1929, and will only pay this portion on condition that the British holders agree to the unpaid half being used for budgetary purposes of the Rumanian Government; will he, for the protection of British investors, request His Majesty's Minister to Rumania to make a report on the facts so that His Majesty's Government may take suitable steps; and will he in the meantime request British finance houses not to grant facilities on short-term credit for the benefit of Rumanian trade?


I am aware of the facts stated in the first part of the question and am following the situation closely. Negotiations are to take place between the Rumanian Government and foreign bondholders at an early date, and in these circumstances I do not think that intervention on the part of His Majesty's Government is called for at present.

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