§ Sir W. SUGDENasked the President of the Board of Trade if he is aware that the Consejo Nacional of Uruguay proposes to allocate exchange to the value of $19,000,000 during 1932–33 to British interests, and that it is understood that the Government of Uruguay are awaiting a reply from His Majesty's Government before setting up the necessary machinery to effect the distribution of this amount of exchange; and what action is being taken by His Majesty's Government?
§ Lieut.-Colonel COLVILLEA proposal of the nature indicated has been made by the Uruguayan Government. The scope of the proposal is not quite clear, however, and is at present the subject of inquiry by His Majesty's Government.