§ Colonel WOODCOCKasked the Secretary of State for Foreign Affairs whether, in view of the fact that the Finance Minister of Mexico has stated that in future the national income will permit the complete payment of the interest and amortisation of various sections which compose the public debt, he will ascertain when it is the intention of the Mexican Government to make good its obligations towards British holders of Mexican Government bonds, which that Government has failed in whole or in part to pay for the last 15 years?
Mr. LOCKER-LAMPSONHis Majesty's representative has reported that the Mexican Congress during their December session passed a law authorising the Government to negotiate a new settlement of Mexico's foreign debt with the International Committee of Bankers, who represent the foreign bondholders. I understand that the negotiations have been in progress for some time past. No inquiries of the Mexican Government are contemplated.