HC Deb 25 February 1948 vol 447 c343W
67. Sir J. Mellor

asked the Financial Secretary to the Treasury whether he will request the Spanish Government to permit the conversion into sterling of a sufficient portion of the profits in Spanish currency of the Barcelona Traction Light and Power Company in order to provide for the service of the company's sterling debt; and whether he will make a statement on the recent interference with the company's business in Spain.

Mr. Jay

His Majesty's Government have on several occasions requested the Spanish Government to facilitate the service of the company's sterling bonds, and have received assurances that facilities will he granted as soon as circumstances permit. My attention has been drawn to the recent order of the Spanish court resulting in the appointment of a receiver, and the situation is being investigated.