§ 38. Mr. BURNETTasked the Chancellor of the Exchequer whether he is aware that the Brazilian Government is desirous of obtaining a loan; and will he make 't clear to the Brazilian trade delegation now in England that, apart from the embargo upon the public flotation of foreign loans in London, the placing here with loan houses at the present time of Brazilian obligations which could afterwards be negotiated privately among British investors would not be regarded with favour by His Majesty's Government?
Mr. CHAMBERLAINI have no reason to suppose that the Brazilian Government are desirous of obtaining a loan in this country. Accordingly the second part of the question does not arise. If my hon. Friend's question has relation to any credit operation which may be agreed to in connection with the liquidation of outstanding trade debts due to the United Kingdom, I would add that discussions in regard to the liquidation of trade debts are still proceeding and I am not therefore in a position to make any statement on that subject.