HC Deb 11 May 1933 vol 277 c1716W
Mr. GRANVILLE GIBSON

asked the President of the Board of Trade if he will make representations requesting the Greek Government to insist upon Greek debtors making application for the half-yearly allocation of exchange to the value of 10 per cent. of the amount of their debts owing to British creditors where they are financially able to pay?

Mr. RUNCIMAN

The Bank of Greece have recently announced that debtors must make application for the instalment in respect of the first six months by 4th May; that permits granted by the Bank of Greece must be utilised before 19th May; and that those who fail to make application or to utilise their permits before the dates laid down will cease to receive the protection now afforded to them by the Greek Law of 26th April, 1932. Other possible means of safeguarding the position of creditors are under consideration.