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Peruvian And Ecuadorian Bonds (Debt Agreement)

Volume 527: debated on Tuesday 18 May 1954

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asked the Financial Secretary to the Treasury what representations have been made to the Peruvian and Ecuadorean Governments regarding payment of their debts to bondholders in this country.

In both cases the terms of settlement have been agreed, and it now remains for a formal offer to be made to the bondholders. We are in close touch with the Council of Foreign Bondholders and, if necessary, we will certainly make further representations.