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Claims Against Japan

Volume 437: debated on Tuesday 6 May 1947

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48.

asked the Chancellor of the Exchequer whether, in view of the improving economic position in Japan, he will reconsider the case of the Japanese sterling bondholders and take steps to protect their interests in the framing of the eventual Peace Treaty.

The proceeds of exports from Japan are not yet sufficient to meet the cost of essential imports, and of the occupation. These charges must be met before any exports are available either for reparation or for prewar private claims. All these matters will be borne in mind when the Peace Treaty is drafted.