Thank you for correcting the text in this article. Your corrections improve Papers Past searches for everyone. See the latest corrections.

This article contains searchable text which was automatically generated and may contain errors. Join the community and correct any errors you spot to help us improve Papers Past.

Article image
Article image
Article image
Article image

LOST MILLIONS

BRAZIL’S REPUDIATION OF DEBTS ACTION URGED IN HOUSE OF COMMONS HIGH DUTIES NOT FAVOURED BY CHANCELLOR RUGBY, June 16. Sir Joseph Leech asked the Chancellor of the Exchequer, Sir John Simon, in the House of Commons today, whether, nothwithstanding the temporary loss to all concerned, he would impose prohibitive duties on the importation of Brazilian products to the United Kingdom in view of the fact that Brazil had extinguished £80,000,000 of British savings. The questioner urged this action on the grounds that, as diplomatic protests were disregarded unless the Government made clear to foreign borrowers that ill-treatment of British capital would be met by tariff reprisals, not British subject would invest in future in foreign countries. Sir John Simon replied that the Government attached the greatest importance to the resumption of payment of the Brazilian internal debt, and was in close consultation with the council of foreign bondholders. He had considered Sir Joseph Leech’s suggestion, but did not think it would achieve its object.

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/WAITA19380618.2.55

Bibliographic details
Ngā taipitopito pukapuka

Wairarapa Times-Age, 18 June 1938, Page 7

Word count
Tapeke kupu
166

LOST MILLIONS Wairarapa Times-Age, 18 June 1938, Page 7

LOST MILLIONS Wairarapa Times-Age, 18 June 1938, Page 7

Help

Log in or create a Papers Past website account

Use your Papers Past website account to correct newspaper text.

By creating and using this account you agree to our terms of use.

Log in with RealMe®

If you’ve used a RealMe login somewhere else, you can use it here too. If you don’t already have a username and password, just click Log in and you can choose to create one.


Log in again to continue your work

Your session has expired.

Log in again with RealMe®


Alert