HC Deb 26 February 1947 vol 433 c286W
67. Mr. W. Fletcher

asked the Secretary of State for the Colonies when it is proposed either to raise the moratorium in Malaya and Hong Kong which exists at present, regarding debts contracted before the enemy occupation of these territories, or to enact legislation to deal with any portion of the debts which have been affected by this moratorium and by payments made during enemy occupation of these territories.

Mr. Creech Jones

Pending the enactment of legislation dealing with the value to be accorded to payments in Japanese occupation currency in respect of debts contracted before the occupation, I regret that it is not possible to consider a general lifting of the moratorium. I have been in correspondence with the Governments concerned about the introduction of such legislation and anticipate that they will shortly be in a position to take action.

Forward to