Oral Answers to Questions — Mexico (Debt).

– in the House of Commons at on 30 July 1924.

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Photo of Mr Arthur Samuel Mr Arthur Samuel , Farnham

1.

asked the Secretary of State for Foreign Affairs whether he will request the Government of Mexico to fulfil its obligations towards British subjects in accordance with the Mexican Government's debt agreement of June, 1922?

Photo of Mr Arthur Ponsonby Mr Arthur Ponsonby , Sheffield, Brightside

This matter is one which concerns the United States and other Governments as well as His Majesty's Government. For the present I under stand that the International Bankers' Committee on Mexico are still in communication with the Mexican Government.

Photo of Mr Arthur Samuel Mr Arthur Samuel , Farnham

Is the hon. Gentleman aware that this concerns us a great deal more than the United States, that £100,000,000 or more of British savings, mostly those of poor people, is being held in Mexico, and that the Mexicans are well able to pay their obligations?

Photo of Mr Fredric Wise Mr Fredric Wise , Ilford

Is it not a fact that half of the interest on this national debt has been paid?

Photo of Mr Arthur Samuel Mr Arthur Samuel , Farnham

What steps is the Foreign Office taking? Is it supine, as usual, in these matters?

Photo of Mr Arthur Ponsonby Mr Arthur Ponsonby , Sheffield, Brightside

So far as I know, no representations have been made to us to press the Mexican Government on this Subject.

Photo of Mr Arthur Samuel Mr Arthur Samuel , Farnham

Will the hon. Gentleman accept this representation now?

Photo of Mr James Erskine Mr James Erskine , Westminster St George's

Is it a matter of complete indifference to the British Government whether British investors lose their money or not in foreign loans?

Photo of Mr Arthur Ponsonby Mr Arthur Ponsonby , Sheffield, Brightside

No, Sir. His Majesty's Government are watching this matter.