HC Deb 17 June 1963 vol 679 cc1-2W
Mr. Bingham

asked the Lord Privy Seal what steps are being taken to secure proper compensation for British bondholders in the Port of Para Company which was expropriated in 1940 by the Brazilian Government.

Mr. Heath

Since a substantial part of the bonds in the Port of Para Company is held in France, the claim in respect of these bonds is being pursued by the French Bondholders' Association. Her Majesty's Government have been kept closely informed of the course of the negotiations and they have made known to the Brazilian Government their interest in achieving an early and satisfactory settlement of this long outstanding claim. Her Majesty's Government continue to be ready to give further support to the efforts of the French Government, in support of the French Bondholders' Association, as and when it seems most useful to do so.