HC Deb 02 March 1949 vol 462 cc347-8
35. Mr. Teeling

asked the Secretary of State for Foreign Affairs whether he is aware that the payment of interest of 5 per cent. per annum and amortisation of the capital, which was assured to shareholders of the Buenos Aires Transport Corporation by Argentine law in 1936, have not been carried out; what estimate he has of the accrued sums due to British interests; and whether he will bear these matters in mind during the negotiations for compensation.

Mr. Bevin

The answer to the first part of this Question is in the affirmative. As regards the second part, no estimate has, as far as His Majesty's Government is aware, been put forward by the four British companies concerned of the total accrued sums due to them in respect of capital and arrears of interest. As regards the last part of the Question, the hon. Member will be aware from the statement made in this House by my right hon. Friend the Minister of State on 14th February that His Majesty's Ambassador in Buenos Aires has instructions to pursue this matter with the Argentine authorities at every suitable opportunity.