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Turkish Loan

Volume 465: debated on Wednesday 1 June 1949

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asked the Chancellor of the Exchequer what steps he will take to have repaid the £385,100 now outstanding of the City of Constantinople 3½ per cent., formerly 5 per cent., loan of 1909, guaranteed by the Turkish Government, which has now been in default since September, 1947.

Constant representations have been made to the Turkish authorities and a reply to our latest approach is now awaited.