British Investments, Brazil

Oral Answers to Questions — Royal Air Force. – in the House of Commons on 18th May 1922.

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Photo of Colonel Sir Walter De Frece Colonel Sir Walter De Frece , Ashton-under-Lyne

10.

asked the Under-Secretary of State for Foreign Affairs if he will consider the publication of the list of those British undertakings, financial and commercial, in respect to whose creditors the Brazilian Government has defaulted, for the purpose of warning the British investor, especially when money is so much needed in this country.

Photo of Viscount  Turnour Viscount Turnour , Horsham and Worthing

I have been asked to answer this question, in consequence of the indisposition of my hon. Friend the Under-Secretary of State for Foreign Affairs. As a result of inquiries made since the hon. Member last gave notice of a question on this subject, I have been unable to ascertain that the Brazilian Government, as distinct from Brazilian municipalities, is in default in respect of the creditors of any British commercial or financial undertakings.