§ 81. Mr. PRINGLEasked the Chancellor of the Exchequer during what period the German Government reimbursed German exporters of goods to this country by means of gold mark bonds for the charge under the German Reparation (Recovery) Act; whether such bonds were negotiable; and, if so, on what terms?
§ Mr. SNOWDENSo far as I am aware payment to German exporters in bonds instead of paper marks commenced only on 17th November, when the Decree of 15th 2547 November came into force. These bonds were long-term bonds and were only given in respect of exports the subject of contracts concluded before 17th November. As regards the last two parts of the question, there was nothing to prevent the exporter negotiating the bonds. I cannot say what terms he received. The new Federal Treasury Bonds which have been substituted for these old K bonds are redeemable in two years and should be negotiable on much better terms.
§ Mr. AUSTEN CHAMBERLAINCan the right hon. Gentleman tell us for what term were the Bonds of which he speaks as "long term Bonds"?
§ Mr. SNOWDENUp to 10 years.
§ Sir LAMING WORTHINGTON-EVANSCan the right hon. Gentleman say whether the first set of Bonds was not
| STATEMENT showing the number and value of Motor Cars and Motor Car Parts (not exempt from duty) from Canada, delivered for home use and the approximate duty thereon in each of the years 1921, 1922 and 1923. | ||||
| — | — | No. | Value on which duty was paid. | Amount of duty. |
| £ | £ | |||
| Motor Cars (not exempt from duty) | 1921 | 491 | 117,079 | 26,024 |
| 1922 | 6,572 | 1,024,345 | 227,659 | |
| 1923* | 8,300 | 1,372,497 | 304,999 | |
| Motor Car Parts (not exempt from duty). | 1921 | — | 69,198 | 15,377 |
| 1922 | — | 216,467 | 48,896 | |
| 1923* | — | 252,138 | 56,067 | |
| * As from 1st April, 1923, the figures relate to Great Britain and Northern Ireland only. |