§ Mr. TAYLORasked the Chancellor of the Exchequer if the British Government has any liability for the payment of principal and interest for loans lent to the German Government under the Dawes Plan; and, if so, the extent of the commitments of His Majesty's Government?
§ Mr. McNEILLThe answer to the first part of the question is in the negative, and the second part therefore does not arise.
§ Mr. TAYLORasked the Chancellor of the Exchequer what is the total amount of reparations paid by Germany in 1924–25 under the Dawes plan; what is the amount of loans lent to the German Government in 1924–25; and what proportion of such loans, if any, was subscribed in Great Britain?
§ Mr. McNEILLThe total amount paid by the German Government to the Agent-General for reparation payments during the year ended the 30th September, 1925, in respect of the Dawes Annuities (which cover all Allied claims against Germany arising. out of the Peace Treaties, whether for reparation or otherwise) was 1,000 million gold marks (say £50 million). The total amount raised by the German Government by means of the 59W loan issued in 1924 under the Dawes plan was slightly over 800 million gold marks (£40 million). Bonds to a nominal value of £12 million were subscribed for in London at an issue price of 92 per cent.