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Chile (Debt Repayments)

Volume 894: debated on Monday 23 June 1975

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asked the Chancellor of the Exchequer what policy he will adopt toward statements by the Chilean Government suggesting that Chile will default on debt repayments to Great Britain if Her Majesty's Government refuse to renegotiate the Chilean international debt.

We have received no formal notification from Chile of her attitude towards the payment of debts due to the United Kingdom in 1975. Her Majesty's Government would not condone any re- fusal by Chile to honour her obligations to the United Kingdom.