§ 9. Sir John Mellorasked the Prime Minister whether he will make a further statement with regard to the service of loans issued by the Brazilian Government in the United Kingdom?
§ Mr. ButlerThe Brazilian Government have informed His Majesty's Ambassador at Rio that they are studying a method for the resumption of debt payments and hope to be able to make some announcement before 1st July. They have further assured Sir H. Gurney that all creditors wil receive equal treatment.
§ Mr. R. GibsonIs the right hon. Gentleman considering the question of receiving some of the coffee which is normally destroyed in Brazil in part liquidation of these debts, and as a means of building up reserves of foodstuffs in the event of an international emergency?
§ Mr. ButlerAll relevant considerations are being borne in mind.
§ Mr. GibsonIs not this consideration a very important one, and is it not a practical suggestion with regard to the liquidation of these Brazil loans?
§ Mr. George GriffithsHave the American Government done anything about our debt?