HC Deb 25 January 1954 vol 522 cc1437-8
14. Mr. Teeling

asked the Secretary of State for Foreign Affairs whether he is in a position yet to state what steps he is taking, or has taken, to obtain repayment from the Philippine Government of moneys due to British holders of Manila Railway Bonds.

Mr. Dodds-Parker

I understand that the British bondholders propose to take this matter up afresh with the Philippine company and Government.

Mr. Teeling

Is my hon. Friend aware that as far back as three months ago his colleague the Joint Under-Secretary of State told us that the Government were now trying to see what the Foreign Office could do about it? I am asking my hon. Friend what the Foreign Office has done in the last few months.

Mr. Dodds-Parker

The Manila Railway Company agreed that the next move should be made by them. That is what they are now doing.