§ Sir N. Grattan-Doyleasked the Prime Minister whether, in connection with the default on Brazilian bonds, he will consider approaching the Government of Portugal for the purpose of making a joint request to the Government of Brazil to arrange for a conference with representatives of British and Portuguese bondholders, with a view to arriving at a satisfactory settlement of this default?
§ Mr. ButlerThe Council of Foreign Bondholders, who are recognised by His Majesty's Government as the authorised representatives of the bondholders, have been in consultation with the representatives of the Portuguese bondholders and His Majesty's Ambassador at Rio de Janeiro is in close touch with his Portuguese colleague. In these circumstances I do not consider that any further action on the part of His Majesty's Government is necessary.