§ Mr. Teelingasked the Secretary of State for Foreign Affairs what further information he has concerning the repayment to British holders of the arrears on Manila Railways debentures; and what steps he will take to make sure that no moneys will be granted by the Economic Co-operation Administration to the Manila Railways Company until these debentures have been repaid.
§ Mr. Selwyn LloydI have nothing to add to the reply given by my hon. Friend on 27th February. Her Majesty's Government greatly hope that the Philippine authorities will take steps to facilitate payment of the moneys which have now been due for a considerable time to the British bond-holders.
With regard to the second part of my hon. Friend's Question, Her Majesty's Government are not concerned with arrangements for the disbursement of moneys in the Philippines either by the United States Economic Co-operation Administration or its successor the Mutual Security Agency at the present time.