HC Deb 05 February 1934 vol 285 cc814-5W

asked the Secretary of State for Foreign Affairs whether he has yet anything to report with regard to the default of the obligations of the provincial authorities of Brazil; and, if no arrangement has yet been arrived at, will he request the co-operation of the United States Government, with a view to obtaining an agreed settlement between British and United States creditors and the Brazilian Government?


In a report presented to the Provisional President of Brazil on 15th November last, the Brazilian Minister of Finance recommended a scheme for the consolidation of all the foreign debts of the Federal Government, the State Governments, and the Municipalities. In the preparation of this scheme use was made of the result of the investigations which a Brazilian Commission has been making into this question for some time past. No final decision has yet been reached by the Brazilian Government, and I do not consider that at the present moment any useful purpose would be served by approaching the United States Government as proposed.