HC Deb 27 July 1937 vol 326 cc2890-2W
Sir N. Grattan-Doyle

asked the Secretary of State for Foreign Affairs whether he is aware that any renewal of the Anglo-Argentine trade agreement will be opposed by British investors, in view of the Argentine Government's refusal to allow the Anglo-Argentine railways to earn a profit on their ordinary capital as a result of the exchange tax by the peso being fixed at more than 15 to the £ and by the non-granting of the revision of railway charges notwithstanding the prosperity of Argentine agriculture; and will he, on behalf of British investors, take up the matter with the Argentine Government independently of the directors of the railway companies concerned?

Viscount Cranborne

I would refer my hon. Friend to the reply given to my hon. and gallant Friend the Member for Hertford (Rear-Admiral Sueter) on 21st April last. I understand that negotia- tions are in fact in progress between the responsible Argentine authorities and the representatives of the Railway Companies concerned.

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