HC Deb 31 July 1947 vol 441 cc71-2W
Mr. Bartlett

asked the Chancellor of the Exchequer to what extent the Chinese Government is withholding the payment of interest on British loans while paying interest on subsequent loan's from the U.S.A.; and what steps are being taken to re-establish payment in order of priority.

Mr. Glenvil Hall

Interest due on moneys advanced by His Majesty's Government to the Chinese Government is being paid regularly. I understand that the question of resumption of payment on Chinese public issues in sterling, which like the rest of China's external market debt, have been in default since 1939, has been raised by the Chinese Bondholders' Committee with the Chinese authorities.

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