HC Deb 07 August 1916 vol 85 cc649-50
17. Sir E. CORNWALL

asked the President of the Board of Trade whether, in view of the statement by the Public Trustee that no decision of the Court has been given that a debt due to a British creditor and payable in Marks by an enemy debtor who has property in this country should be paid at the present depreciated value of exchange of Marks into sterling, the Public Trustee will pay all British creditors of enemy debtors at the normal rate of exchange ruling at the date of the outbreak of war so as to avoid loss to British creditors to the advantage of enemy debtors?

Mr. HARCOURT

The Public Trustee will no doubt act in accordance with the directions of the Court in ascertaining the amount to be paid to a British creditor in respect of a debt payable in Marks.