HC Deb 06 December 1937 vol 330 cc43-4W
Sir F. Sanderson

asked the Secretary of State for Foreign Affairs whether His Majesty's Minister in Mexico City has yet furnished him with a report on the attitude of the Mexican Government in regard to its obligations towards the British holders of Mexican Government bonds; and, in the absence of any such report, whether, seeing that Mexico is a State member of the League of Nations and so bound by the Covenant to co-operate for the maintenance of justice and all treaty obligations between nations, and that Mexico is now prosperous and Mexican imports now total 55.2 millions of dollars as against 106.4 millions of dollars of old United States of America dollars, he will instruct His Majesty's Minister in Mexico to negotiate with the Mexican Government with a view to arriving at some agreement in respect to a settlement?

Mr. Eden

I understand from His Majesty's Representative at Mexico City that no progress has been made in present months in connection with the negotiations for the settlement of Mexican Government's external debt. As regards the second part of the question, the position is that while His Majesty's Government are ready to give any help that is practicable, they do not consider it desirable to intervene except at the request of the recognised representatives of the British bondholders. No such request has been received.

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