BRAZIL'S DEBT.

Auckland Star, Volume LXIX, Issue 142, 18 June 1938, Page 9

BRAZIL'S DEBT.

Trade Embargo Advocated As

Reprisal

ATTITUDE OF BRITAIN

British Official Wireless. HI'(• HY, .1 une 17. In the House of Commons Sir Jo-eph Leech (Coil.. Newcastle on Tvnc) asked the Chancellor of 1 he. Kxcheipier, Sir John Simon, whether, not vv it h-t a riding the temporary loss to all concei red, he would impose prohibitive dntic- mi I lie importation into the I 'nited K in".|.<m of products from Hra/il. which h.ol o tinguished i'su.ooo.lioo of H: ii i I, ■a \ 111 ~ The i|iie-t ioiii'r urged (In- ;j. -1 i.. •i. i.|

el 111 IX-, nil the n rounds that a - d iplo inatie protests were di-rcga i dcd. 11 nI •- , the <iin el n men t made it ileal in foreign liorroMrr- thai t tie ill fiea 1r i" 111 of Jtrili-h ea |iit a I would he met In laid!' rcpri-a Is. no Iti it i-h siihjeet - linuld invest in future in foreign i ■ unit rics.

Sir .7i ill II Simon replied tli.it II If ( in\eminent nll ached the ;Mc:itr-t in,, pnriauce to tlie re-ii ii 11 it ii >11 lit pay incut of the Jirazilian internal ddit and was ill close eon-tilt a I inll with tile council of foreign bondholders. lie hail con-idcicd Sir Jn-cpli Leech':-, Migge-I ion, Iml ■ 1:■! not tliink it would achieve i 1 r-, object.