§ 4. Mr. MOREING
asked the Secretary of State for Foreign Affairs what has become of the special reserve fund which the Chinese Government set up for the 4 purpose of paying in monthly instalments to meet the arrears due to the bondholders in the Tientsin-Pukow Railway; and whether payments into this fund are still being made?
§ The SECRETARY of STATE for FOREIGN AFFAIRS (Mr. Eden)
I understand that the special reserve fund has been used for the service of the original and supplementary loan issues. So far payments have been made on coupons which were eleven years in arrear. Payments continue to be made into the fund, but in December last were 20 months behind the agreed schedule.