HC Deb 28 June 1920 vol 131 c56W

Captain C. CRAIG asked the Under-Secretary of State for Foreign Affairs whether there is money or stock in court in England or Ireland to which German or Austrian subjects are entitled; and whether they are at liberty now to apply for payment or transfer of such money or stock or will such money or stock be dealt with through the clearing-house provided for in the treaties with Germany or Austria as if they represented debts or property?

Sir R. HORNE: I have been asked to reply. All German property in the United Kingdom, including money or stock is charged as security for the payment of the claims of various classes of British creditors. Power to create a similar charge over Austrian property is contained in the Treaty of St. Germain, pending the ratification of which dealings with such property are prohibited by our Trading with the Enemy legislation. Germany and Austria have undertaken to compensate their nationals in respect of the sale or retention of their property, rights or interests in Allied or Associated States.