§ 97. Mr. Teelingasked the Chancellor of the Exchequer what steps he is taking to have satisfied the claims of British holders of Hungarian bonds and loans; how far he has implemented the promise of his predecessor to the hon. Member for Brighton, Pavilion, on 1st May, 1951, to give effect to paragraph 1 of article 29 of the Hungarian Peace Treaty; and what steps he intends to take to make such that Hungarian assets at present in the British Zone of Western Germany will not be returned to Hungary on the signing of a peace treaty with Western Germany until the debts due to British holders of Hungarian bonds and loans are paid.
§ Sir A. SalterThe necessary administrative arrangements to give effect to that paragraph of the Peace Treaty are at an advanced stage, and my right hon. Friend hopes shortly to make known the Government's proposals. The claims of British holders of Hungarian bonds and loans, among others are being borne in mind, but I cannot anticipate the proposals. On the last part of the Question, I refer my hon. Friend to the answer which he received yesterday from my right hon. Friend the Foreign Secretary.