HC Deb 08 November 1920 vol 134 c819
9. Lieut.-Colonel Sir J. HOPE

asked the President of the Board of Trade whether the 5 per cent, interest charged to British subjects on their trade debts to Germany is paid to the German creditors; and if German debtors to British traders also pay 5 per cent, interest on their debts?

Sir R. HORNE

The interest charged to British debtors is credited to the German Clearing Office, but is retained by the British Clearing Office, and forms part of the fund available to meet the claims of British creditors. The answer to the latter part of the question is in the affirmative.

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