HC Deb 07 May 1923 vol 163 c1950W
Mr. RAINE

asked the Under-Secretary of State for Foreign Affairs whether he will inquire of the Rumanian Commission, appointed to investigate the claims of British holders of Rumanian Government bonds, whether that Government proposes to honour its obligations, under the terms of its 1908 loan, by restoring the sinking fund and paying interest to British holders in gold lei, as printed an the coupons of these bonds?

Mr. McNEILL

His Majesty's Government have drawn the serious attention of the Rumanian Government to the terms of the 1908 loan. It is for British bondholders themselves, taking into full account the present value of the lei and the causes of its depreciation, to decide whether the terms which may be offered by the Rumanian Commission are reasonable and just.