36. Captain BENNasked the Prime Minister on what basis, for the purposes of the German indemnity, the ships and coal surrendered are respectively calculated?
§ Mr. BONAR LAWIn accordance with the Inter-Allied agreement arrived at at Spa, Germany will be credited (a) in respect of ships, with a value to be ascertained by the Reparation Commission based on the prices realised by their sale, subject to any adjustments rendered necessary by repairs or the expenses of delivery; and (b) in respect of coal, if delivered by rail or inland navigation, with the German internal price in accordance with paragraph 6 (a) of Annex V of Part VIII of the Treaty of Versailles, and if delivered by sea, with the German export price f.o.b. German ports, or the British export price f.o.b. British ports, whichever may be lower, in accordance with paragraph 6 (b) of the same Annex.
48. Mr. G. DOYLEasked the Prime Minister the date of and method to be employed in the proposed sale of German ships, as indicated in his recent statement?
§ Mr. BONAR LAWI am not at present in a position to add anything to what was said in Debate on the 21st July. The matter is at present under consideration.