HC Deb 23 February 1953 vol 511 cc1714-5
25. Mr. Teeling

asked the Secretary of State for Foreign Affairs the present position concerning the official negotiations with the Philippine Government for the repayment of monies due to British holders of Manila Railway Bonds and other shares.

Mr. Nutting

I am not aware of any official negotiations with the Philippine Government. Negotiations for payment of the money owed to the bondholders of the Manila Railroad Company is, I understand, being undertaken by the bondholders direct with the Company.

Mr. Teeling

Why are not the British Government supporting our people in this matter? Is not my hon. Friend aware that the Philippine President and Government have stated that they are responsible in dealing with the matter at their end, and that on American questions the American Government take an active part in supporting their citizens? Why should not we support ours?

Mr. Nutting

For the very simple reason that we have not been asked by the bondholders.

Mr. Teeling

Could not my hon. Friend try to find out and do something about it?

Mr. Nutting

It is for the bondholders to ask the Government if they wish our aid.