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Buenos Aires Transport Corporation

Volume 465: debated on Monday 16 May 1949

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asked the Secretary of State for Foreign Affairs what is the present position concerning the paying of compensation to British shareholders in the Buenos Aires Transport Corporation; what recent action has been taken by the British Ambassador; and how far the negotiations linked with the negotiations for a fresh trade agreement.

The present position is still that the Argentine Government have not replied to the frequent representations made to them by His Majesty's Ambassador on behalf of the British interests involved. During the past month Sir John Balfour has made both written and oral communications on the subject to the Argentine Minister for Foreign Affairs. As regards the last part of the Question, I would draw the attention of the hon. Member to the answer which my hon. Friend gave him on 28th March. I would only add at this time that the way in which British financial interests in Argentina are treated, naturally has an influence on the possibilities of concluding a satisfactory trade and payments agreement.