The firms of stockbrokers employed by the Department for the Administration of German, Austrian, Hungarian and Bulgarian Property are:—
In addition, orders to sell bearer securities are given to the Bank of England, and executed by the Bank's brokers. Messrs. J. P. Morgan and Co., New York, who were first employed in February, 1923, sell American securities.
- Messrs. Williamson, Fawcett and Stirling, who were first employed on the 8th November, 1921;
- Messrs. Kerr, Ware and Co., who were employed by the Public Trustee as
30 Custodian of Enemy Property and continued by the Administrator of German Property from January, 1925;
- Messrs. Godfray and Co., who were appointed on the 7th December, 1925; and
- Sir R. W. Garden and Co., who were appointed on the 16th May, 1928.
§ Colonel WOODCOCK
Is it a permanent appointment, and could the hon. Gentleman say who appointed them?
The appointment can only be for the time that the Department is in existence. They have been appointed for the time being, and they will continue to act as long as they give satisfaction.
The total staff of the Clearing Office for Enemy Debts employed in London and abroad on the 1st June, 1926, 1927, and 1928, was 914, 729, and 598 respectively.
The present Controller of the Clearing Office for Enemy Debts was appointed on 1st January, 1926, after serving in that office as Secretary, and later Deputy-Controller, since the 31st October, 1919. Prior to his appointment to the Clearing Office the Controller had had over 27 years' service in the Bankruptcy Department of the Board of Trade.
It is within the knowledge of the Board of Trade that he holds the office of chairman of a building society; he has always held that office with the full knowledge of the Board of Trade. So far as I am aware, there is no conflict between his two sets of duties.
There has been nothing in the nature of a formal inquiry. Allegations were made that there was some conflict, and on investigation it was shown they were quite unfounded.