HC Deb 16 February 1937 vol 320 cc997-8
53. Rear-Admiral Sir Murray Sueter

asked the Financial Secretary to the Treasury whether the Corporation of Foreign Bondholders is subsidised by Government grants or draws its revenue from bondholders; and whether sufficient funds are at its disposal to enable its representatives to visit foreign countries?

Lieut.-Colonel Colville

The Corporation of Foreign Bondholders does not receive a grant from His Majesty's Government. Its income is derived from the amounts which it collects from the foreign Governments with which it negotiates in reimbursement of its expenses, from its own funds, and from voluntary contributions. Only on exceptional occasions has the corporation made any charges to bondholders for its valuable services. The answer to the last part of the question is in the affirmative.