HC Deb 19 June 1935 vol 303 cc355-6

asked the President of the Board of Trade whether, seeing that Brazil does not honour her debt obligations raised in London by public subscription, and as the conference of 27th March had the object of obtaining payment for British exports to Brazil, he will now discuss Anglo-Brazilian trade on the basis that British exports to Brazil have been gifts to Brazil and constitute losses of British savings; and will he discourage exports to Brazil except against cash or its equivalent?

Lieut.-Colonel J. COLVILLE (Secretary, Overseas Trade Department)

The Anglo-Brazilian Payments Agreement of 27th March provides for payments of all outstanding commercial goods. Goods imported after 11th February last are paid for by the purchase of exchange on the free market, and I am informed that few, if any, complaints are being reseived with regard to payment for current trade. I should be reluctant to discourage exporters from taking steps, within the limits of ordinary commercial prudence, to maintain their place in what is normally a valuable market.