HC Deb 09 April 1957 vol 568 c954
40. Mr. Bellenger

asked the Chancellor of the Exchequer how much of the losses incurred as a result of speculation by occupation forces in Germany arid Austria after the war have been recovered from the German or Austrian Governments.

Mr. Powell

None, Sir.

Mr. Bellenger

Is it not the case that a Government Deparlment—if not the Treasury—held large stocks of Reich -marks as a result of these speculations, and that they were eventually converted into Deutschemarks at a favourable rate of exchange?

Mr. Powell

No sums have been recovered from either of the two Governments, but if the right hon. Gentleman will communicate with me, I will give him particulars of the actual financial transactions.