asked the Under-Secretary of State for Foreign Affairs whether he has any information as to a proposal of the Mexican Government to honour their national obligations to British creditors in respect to Mexican Government securities issued prior to 1910?

His Majesty's Government are informed that an agreement was made on 16th June last between the Mexican Government and an international bankers' committee providing for the readjustment of Mexican Government obligations and the resumption of payments by the Mexican Government on an agreed basis. The first payments under this arrangement are due to be made during the year 1923. The agreement has been approved by the Mexican Congress.

Can the hon. Gentleman say whether that agreement has been ratified?

Yes. I understand that is has been ratified.