5. Mr. Vaneasked the Secretary of State for Foreign Affairs what agreement exists between the Allies by which the U.S.S.R. may take German assets in Hungary as reparations; and whether any satisfactory definition of German assets has been reached.
Mr. McNeilIt was agreed between the Allies at Potsdam that the Soviet Union might take German assets in Hungary as reparations. This agreement has now been incorporated in Article 28 of the Treaty of Peace with Hungary, whereby Hungary also recognises this obligation. No satisfactory definition of German assets has yet been reached.
§ Mr. MolsonIs it not unwise to incorporate in this Treaty a phrase which no one is able to define?
Mr. McNeilThere will be no difficulty in defining 'the phrase. The difficulty has been in defining the assets.