HC Deb 13 March 1924 vol 170 cc2546-7

asked 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?


So 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 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.


Can the right hon. Gentleman tell us for what term were the Bonds of which he speaks as "long term Bonds"?


Up to 10 years.


Can 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.