HC Deb 10 November 1960 vol 629 c66W
58. Mr. Teeling

asked the Chancellor of the Exchequer whether, in view of the increasing trade with eastern European countries, further discussions have taken place between Her Majesty's Government and the Hungarian and Roumanian Governments in order to come to a settlement of their bonded debts to this country; and what steps the Council of Foreign Bondholders and Her Majesty's Government are going to take to settle this matter.

Mr. Barber

No. As yet, neither Government is prepared to make any offer acceptable to the Council of Foreign Bondholders. We have, therefore, reserved the rights of the bondholders with a view to the negotiation of settlements at a later date.