HC Deb 12 April 1937 vol 322 cc599-600
17. Rear-Admiral Sir Murray Sueter

asked the Secretary of State for Foreign Affairs whether he will obtain from Rio de Janeiro official details of the Boucas proposals about continuing the default on pre-war loans borrowed by the Brazilian Government from British nationals; and will he take steps so that the unilateral Aranha arrangement with the flotation houses, imposed by the Brazilian Government upon British creditors of Brazil, may not be extended for more than one year without consultation with His Majesty's Government representing the general body of British investors as apart from the houses which floated the loans?

25. Mr. Liddall

asked the Secretary of State for Foreign Affairs whether, in view of the widely-distributed British holdings of public obligations upon which the Brazilian Government has several times defaulted, he will propose co-operation with the United States, the French and the Dutch Governments, calculated to prevent any renewal, in September next, of the Aranha scheme being presented, without the creditors' acquiescence, as an accomplished fact?

Viscount Cranborne

I would refer my hon. Friends to the reply given by my right hon. Friend the Chancellor of the Exchequer to my hon. Friend the Member for North Newcastle-on-Tyne (Sir N. Grattan-Doyle) on 6th April, to which I have nothing to add.

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