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Five Per Cent Loan, 1913

Volume 245: debated on Wednesday 19 November 1930

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asked the Secretary of State for Foreign Affairs whether he has received a complaint that the Chinese Government has refused to recognise the yellow bonds of the Chinese Five Per Cent. Loan of 1913, purchased in the open market in London in good faith by British investors; and whether he will make a protest and request the Chinese authorities to honour their obligations?

A complaint of this nature has been received. Representations were made to the Chinese Government who have recently returned an unfavourable reply. I am in communication with the interested British parties, and am considering what further action can usefully be taken.

As a committee has been formed will the right hon. Gentle- man allow representatives of the parties interested to call and see him or the Under-Secretary on this matter?

I will arrange for them to see the proper representative at my office, along with the Under-Secretary of State. I have to devote a lot of time to other conferences.