§ 69. Mr. SNELLasked the Chancellor of the Exchequer whether, with regard to dividends due to Germans from British businesses which are still under a War provision payable to the Public Trustee, he will state under what conditions, and when, it is proposed to resume normal arrangements?
§ The PARLIAMENTARY SECRETARY to the BOARD of TRADE (Viscount Wolmer)I have been asked to reply. Under the Treaty of Peace Order in Council, 1919, all property, rights and interests within His Majesty's Dominions belonging to German nationals on the 10th January, 1920, the date when the Treaty of Peace with Germany came into force, are charged with payment of the amounts due in respect of claims by British nationals. The Public Trustee is realising as quickly as possible the interest which German nationals held in British businesses on that date. Any interest acquired by a German national in a British business after the 10th January, 1920, is not subject to the charge, and the dividends from such businesses can be paid to the German owner.