HC Deb 12 April 1937 vol 322 cc602-3
26. Sir J. Mellor

asked the Secretary of State for Foreign Affairs whether he has any further information to give as to the delegation which the Polish Government have promised to send to London in the course of April, 1937, to confer with the Council of Foreign Bondholders, in consequence of the partial default impending upon the service of the Republic of Poland 7 per cent, stabilisation loan, sterling issue; and whether the British Government will be represented at the conference?

Viscount Cranborne

I understand from the Council of Foreign Bondholders that the Polish delegates are expected at the end of April, but that the exact date of their visit has not yet been fixed. The answer to the second part of the question is, No, Sir.

Sir J. Mellor

In view of the balance of trade between this country and Poland being heavily in favour of Poland, will my Noble Friend point out to the Polish Government that there can be no conceivable reason why the bondholders should not receive payment punctually and in full?

Viscount Cranborne

My hon. Friend must recognise that in the first place negotiations must be between the Polish Government and the Council of Foreign Bondholders which represents the interests of the bondholders.

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