§ 50. Mr. Gammansasked the Secretary of State for Foreign Affairs what conditions have been attached to the loan to the Government of Burma by His Majesty's Government; and what guarantees have been obtained regarding further expropriation of British assets or compensation for those already expropriated.
§ 54. Mr. Errollasked the Secretary of State for Foreign Affairs if the Commonwealth loan to Burma may be used to pay compensation for British firms expropriated by the Burmese Government.
§ Mr. Ernest DaviesSince the Commonwealth loan is for the purpose of internal rupee expenditure it will not be available for making sterling payments. It will not therefore be available for paying sterling compensation to British firms nationalised by the Burmese Government. As this is a Commonwealth loan, His Majesty's Government have not put forward any conditions relating solely to United Kingdom interests.