§ Colonel Crosthwaite-Eyreasked the Secretary of State for the Colonies (1) whether interest on Palestine Bonds has been regularly paid by the Israeli Government since the termination of the Mandate; and how many bonds since that date have been redeemed by the Israeli Government;
(2) what undertakings were secured from the Israeli Government on the termination of the Mandate to secure the proper servicing and redemption of Palestine Bonds issued under the authority of His Majesty's Government as the mandatory Power.
Mr. Creech JonesHis Majesty's Government have no information whether interest has been paid by the Israeli Government on Palestine Bonds or whether or not the Israeli Government has redeemed any of these Bonds. The Israeli Government was proclaimed after the termination of the Mandate and was only givende facto recognition by His Majesty's Government in January, 1949 No undertaking, therefore, could be given by the Israeli Government on the termination of the Manadate to secure the proper servicing, and redemption of Palestine Bonds nor has one been obtained since. The Palestine Bearer 108W Bonds are included in the agenda of the negotiations at present proceeding in Tel Aviv between His Majesty's Government and the Israeli Government on matters connected with assets and liabilities of the former Palestine Government.