§ 8. Mr. Pitmanasked the Secretary of State for Foreign Affairs whether those British subjects whose cash deposits in Egyptian banks have been sequestrated by the Egyptian Government may expect to receive, in full, the sterling equivalents; and when they are likely to receive them.
Commander NobleThe financial negotiations with Egypt have had, as two of their principal objectives, the de-sequestration of British property and its restitution in Egypt to the owners; and the payment of compensation where it is due. Sequestrated cash deposits in Egyptian banks would be covered by these arrangements. I cannot forecast when the negotiations will be concluded, nor what will be the detailed provisions relevant to the restoration of bank deposits.