HC Deb 23 June 1955 vol 542 c81W
21 and 22. Sir T. Moore

asked the Chancellor of the Exchequer (1) whether he is aware of Greek indebtedness to this country, and that there are about fifteen stocks upon which interest and sinking funds are greatly in arrears; and what steps he is taking to expedite a settlement;

(2) whether he is aware that the Greek loans issued under the auspices of the League of Nations, and with special reference to the Greek Government 7 per cent. Refugee Loan, 1924, and the 6 per cent. Stabilisation Loan, 1928, are considerably in arrears in the payment of interest; and, in view of the material improvement in her economic life, what steps he is taking with a view to the resumption of service.

Sir E. Boyle

Her Majesty's Government have made plain to the Greek authorities their interest in a settlement of Greek external debts. It is their earnest hope that the Greek Government will soon make acceptable proposals to the bondholders' associations.