HC Deb 30 March 1938 vol 333 c1983
6. Sir John Mellor

asked the Prime Minister whether any representations have recently been made to the Brazilian Government with regard to its default upon the service of loans issued in the United Kingdom?

Mr. Butler

His Majesty's Ambassador at Rio de Janeiro has been in constant touch not only with the representatives of the Council of Foreign Bondholders but also with the Brazilian authorities. It has not so far proved possible to obtain from the Brazilian Government a statement of their intentions, but my hon. Friend may rest assured that His Majesty's Government will not relax their efforts to obtain a satisfactory solution of this question to which, as the Prime Minister stated in the House on 14th February, they attach the greatest importance.

Mr. Robert Gibson

Does the Under-Secretary not agree that it is impossible for Brazil to meet her indebtedness to this country if this country limits importations from Brazil to this country?

Mr. Butler

These considerations will no doubt be present in the course of the discussions which are taking place.

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