HC Deb 24 June 1936 vol 313 cc1735-6
1. Sir NICHOLAS GRATTAN-DOYLE

asked the Secretary of State for Foreign Affairs whether he will inform the Argentine authorities that the prosperity of the Argentine meat and grain trades depends upon the transport service provided by £200,000,000 of British savings which are now prevented from earning a reasonable return owing to the varied restrictions placed upon non-Argentine capital by the Argentine authorities; and whether he anticipates that such restrictions will have been removed by the Argentine Congress before the new Trade Agreement is brought before this House?

The UNDER-SECRETARY of STATE for FOREIGN AFFAIRS (Viscount Cranborne)

During the negotiations for the renewal of the 1933 Agreement, His Majesty's Government are keeping fully in mind all the various factors affecting the return on British capital invested in Argentina. My hon. Friend will appreciate that I am not in a position to make any further statement at the present time.

Lieut.-Colonel ACLAND-TROYTE

Will His Majesty's Government remember that the interests of the primary producers in this country are much more important than those of the people who have lent their money to the Argentine?

Viscount CRANBORNE

I have said that we are keeping in mind all the various matters.