HC Deb 15 February 1934 vol 285 cc2092-3

asked the Chancellor of the Exchequer whether, in order to protect British investors in foreign loans raised in London from abuse of confidence and as a protest against recent breaches of contract, he will, pending termination of default, take steps to prohibit the handling of short-term credit acceptances financing the export of fruit from Rio de Janeiro and Santos to Britain and, similarly, the exported products of Rumania to Britain?


I have no power to adopt the proposal referred to in the question and I think that it must be left for those immediately concerned to deal with such matters at their discretion. At the same time my hon. Friend may rest assured that I am by no means indifferent to the treatment accorded to British bond-holders and am always ready to consider whether any action on my part would assist their situation.