HC Deb 18 February 1929 vol 225 cc789-90W
Sir H. GREENWOOD

asked the Secretary of State for Foreign Affairs if the attention of His Majesty's Government has been drawn to the action of the Government of Liberia in expropriating the property and rights of the Liberian Rubber Corporation, Limited, in Liberia without legal action in Liberia or elsewhere, thus depriving English creditors and shareholders of the corporation of the value of a rubber estate upon which 100,000 had been spent in development; and what action His Majesty's Government propose to take with a view to obtaining redress therefor?

Sir A. CHAMBERLAIN

Yes, Sir. His Majesty's Government have devoted careful consideration to this matter. The Liberian Government maintain that the creditors of the corporation have a remedy open to them in the Liberian Courts. Inquiries have been made of the creditors whether the latter desire to seek this remedy in the Courts, with His Majesty's Government watching the proceedings, or whether they would prefer that His Majesty's Government should invite the Liberian Government to submit the merits of the whole case to arbitration. The creditors have not yet communicated their decision in the matter.