DEBTS TO BRITAIN

Greymouth Evening Star, 20 December 1934, Page 7

DEBTS TO BRITAIN

ROUMANIA AND BRAZIL. [British official wireless.] RUGBY, December 18. The question of trade debts by Roumania to the United Kingdom, was further discussed between the President of the Board of Trade, and M. Mamulscue Strunga. Mr Runciman emphasised that payments of these debts in sterling within the shortest period possible was regarded as essential by Britain. Mamulscue Strunga recognised the justice of the British point of view and undertook to consult his Government, with a view to a resumption of negotiations early in January. In reply to a Parliamentary question, Mr Eden stated the exchange position in Brazil had been the subject of special study and representations were being addressed to the Brazilian Government with a view to ensuring British interests should not receive less favourable treatment than those of other countries. He added that the existing arrangement for the payment of the Brazilian external debt covered four years from April 1 last, and it therefore appeared improbable that the exchange regulations recently introduced in Brazil would exercise any immediate effects on the interests of British bondholders.