HC Deb 13 March 1939 vol 345 cc24-5
27. Sir John Mellor

asked the Prime Minister whether the agreement signed on 9th March between the Government of the United States and the Government of Brazil, applies to bonds issued in the United Kingdom with the guarantee of the Brazilian Government, and giving to the holders the option of receiving payment either in London in sterling, or in New York in dollars; and whether he will ask the Brazilian Government far an assurance that holders of sterling loans shall receive treatment not less favourable than holders of dollar loans?

Mr. Butler

According to my Noble Friend's information, there has not as yet been any definite settlement of the terms on which the service of the dollar bonds will be resumed. I have no doubt that the Brazilian Government would negotiate a settlement in regard to sterling bonds at the same time as any settlement of the dollar bonds.