HC Deb 27 May 1924 vol 174 cc231-2W
Sir P. DAWSON

asked the Financial Secretary to the Treasury whether his attention has been called to the repudiation by the Turkish Government of the decree of Muharren; and the amount of the Ottoman debt administered by the Council of Administration and the attitude to be adopted by His Majesty's Government in the interests of British bondholders?

Mr. PONSONBY

The reply to the first part of the question is in the affirmative. The outstanding nominal capital of the loans covered by the decree of Moharrem and the decree annex of 1903 are as follows: unified converted debt, £33,116,876; "lots turcs," £9,107,314. As regards the attitude to be adopted by His Majesty's Government in the interests of British bondholders, I would refer the hon. Gentleman to the answer given yesterday to the hon. and gallant Member for the Bilston Division of Wolverhampton (Lieut.-Colonel Howard-Bury).