BRAZILIAN PRODUCTS
THE BRITISH IMPORTS PROHIBITIVE DUTIES URGED (British Official Vueless) RUGBY, June 16. (Received June 17, at 5.5 p.m.) In the House of Commons Sir Joseph Leech asked the Chancellor of the Exchequer whether, notwithstanding the temporary loss to all concerned, he would impose prohibitive duties on the importation of Brazilian products to the United Kingdom, which had extinguished £80.000,000 of British savings. The questioner urged this course of action on the grounds that, as diplomatic protests were disregarded, unless the Government made it clear to foreign borrowers that ill-treat-ment of British capital would be met by tariff reprisals, no British subject should invest in future in foreign countries. Sir John Simon replied that the Government attached the greatest importance to the resumption of the payment of the Brazilian internal debt, and, in close consultation with the Council of Foreign Bond-holders, he had considered Sir Joseph Leech’s suggestion, but did not think it would achieve its object.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/ODT19380618.2.109
Bibliographic details
Otago Daily Times, Issue 23529, 18 June 1938, Page 15
Word Count
158BRAZILIAN PRODUCTS Otago Daily Times, Issue 23529, 18 June 1938, Page 15
Using This Item
Allied Press Ltd is the copyright owner for the Otago Daily Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence. This newspaper is not available for commercial use without the consent of Allied Press Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.