§ 58. Mr. WISEasked the Chancellor of the Exchequer if the Reparation Commission has stopped what is called the migration of capital from Germany and Austria?
§ Sir R. HORNEThe Reparation Commission has no power under the Treaties of Versailles and St. Germain to stop the migration of capital from Germany and Austria respectively. The extent, however, to which it may prove desirable and feasible to control the export of capital from Germany will doubtless be considered in connection with the request of the German Government for partial relief in respect of reparation payments during the year 1922. As regards Austria, I understand that the Austrian Government has itself enacted legislation designed to control the export of capital.