HC Deb 26 January 1937 vol 319 cc738-9
55. Dr. Leech

asked the Chancellor of the Exchequer whether, in view of the maltreatment of the property of British subjects under the Aranha scheme of default upon all Brazilian contractual obligations, he will appoint a Treasury official to represent British interests generally, so that any proposals next year to continue the scheme shall be controlled by a Treasury intimation of retaliatory customs duties against Brazilian products unless the scheme is amended and acceptable to British creditors of Brazil?

Mr. Chamberlain

I do not consider that it would be desirable to depart from our normal practice in such cases, which was set out in the answer given to my hon. Friend the Member for Lincoln (Mr. Liddall) on 5th November last, of which I am sending my hon. Friend a copy.

Mr. Leach

Can the right hon. Gentleman tell us how much British creditors would have been in pocket if other foreign Governments had observed their contracts as well as Russia?

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