HC Deb 11 November 1920 vol 134 c1394W

asked the President of the Board of Trade if the German Government is delaying agreement of sequestrated businesses in Germany belonging to British nationals on the technical grounds of rate of exchange for conversion into sterling; is he aware that there is no time limit by when the German Government must agree figures; and whether the British Government is prepared in such cases to make payments to British nationals through the clearing office system without such consent from the German Government?


The details in connection with the liquidation of British businesses in Germany are very voluminous and have been the subject of discussion between the British Clearing Office and the German Ministry for some little time past. It is hoped that the figures will be agreed and the claims paid in the course of the current month, and until agreement has been arrived at, or the amount determined by the Mixed Arbitral Tribunal, it would not be safe to pay these claims.