§ Lieut.-Colonel POWNALL
asked the Chancellor of the Exchequer if he will state the reasons why the physical possession Regulation with regard to German-owned securities is still enforced by the Treasury, although trade is now permitted with Germany; and whether such certificate is still required in Paris?
The Treaty of Peace with Germany gives power to charge the property rights and interests of German nationals within the territories of any Allied or Associated Power with payment,inter alia, of amounts due for claims by the nationals of that Allied or Associated Power in respect of their property rights and interests in German territory and debts owing to them by German nationals and with payment of similar claims against other enemy Powers in so far as they are otherwise unsatisfied. The Treaty also requires Germany to deliver to each Allied or Associated Power all securities, etc., including any shares, stock, debenture, debenture stock or other obligations of any company incorporated in accordance with the laws of that Power held by German nationals. I may at the same time call the attention of ray hon. and gallant Friend to the Treaty of Peace Order, 1919, which gives effect to the portion of the Treaty to which I have referred. I have no information with regard to the second part of the question.