HC Deb 27 February 1952 vol 496 cc147-8W
56. Mr. Teeling

asked the Secretary of State for Foreign Affairs what steps he proposes to take to obtain the interest due since July, 1941, on over $13,000,000 5 per cent. Refunding Mortgage Bonds of the Manila Railroad Company, owned and operated by the Philippine Government, since all these bonds are British held.

Mr. Nutting

I understand that negotiations for the resumption of interest payments on the bonds referred to by my hon. Friend have been proceeding in Manila between representatives of the bondholders and the Philippine authorities. Her Majesty's Government very much hope, however, that these negotiations will soon reach a successful conclusion.

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