asked the Secretary of State for Foreign Affairs what steps are being taken to obtain the release of the property of British nationals which, whilst subject to the terms of the Anglo-Egyptian Financial Agreement of February, 1959, was re-sequestrated under Egyptian Proclamation 138 of October, 1961.

The United Arab Republic Government have expressed their willingness to begin negotiations on various property matters, including that to which the hon. Member refers, and preliminary discussions are in train.