HC Deb 11 May 1964 vol 695 c18W
58. Sir W. Teeling

asked the Secretary of State for Foreign Affairs, in view of the fresh drive being made for trade with Russia and the Iron Curtain countries, what steps are being taken, in addition to the discussions on Baltic Bonds, to clear up the outstanding claims on Russia, Hungary, and Rumania for defaults on pre-war bonds.

Mr. Mathew

As regards Rumania, under the Finance Agreements of 10th November, 1960, bonded debt claims are to be discussed in 1966.

As regards the Soviet Union, it was agreed in 1959 that claims arising as a result of the October Revolution should be left in abeyance pending a settlement of the post-1939 claims.

As regards Hungary, we have recently once again approached the Hungarians about debt repayment.