HC Deb 21 June 1921 vol 143 c1094
60. Mr. WISE

asked the Chancellor of the Exchequer if Germany has made the payment of 1,000,000,000 marks gold due at the end of May of which 200,000,000 marks had to be in cash; if this amount has been received; what has happened to the cash and if the balance represented German treasury bills; and does this amount go against the quarterly payments due on 15th July and 15th October?


The answer to the first, second and last parts of the question is in the affirmative. The payment made by Germany is partly in cash and partly in German Treasury Bills. I have not exact particulars of the amount paid in cash. The cash is in the hands of the Reparation Commission, which is holding it in accordance with the terms of the arrangement accepted by the German Government for application to the service of the German Reparation Bonds issuable under that agreement.


asked the Financial Secretary to the Treasury what is the amount received in respect of the German Reparation (Recovery) Act?


The amount received in respect of the German Reparation (Recovery) Act to the 18th instant inclusive was £62,000.