§ Mr. MACPHERSONasked the President of the Board of Trade how much has been realised by the liquidation of German private property subsequent to the signing of the Report of the Committee of Experts on Reparations on 7th June, 1929?
§ Mr. W. GRAHAMI fear that in the time available it has not been possible to obtain a statement of the amount realised between 7th June and 31st August, 1929, on which latter date liquidation was suspended. The total cash received from 7th June, 1929, up to 16th December, 1929, has amounted to £713,000, but this includes the proceeds of liquidations begun before 7th June, and also proceeds which will be released to the owners under the arrangements now being made, and to eliminate these items would require considerable time. I would point out that the Report in question recommended the cessation of liqui- 1637W dation not from the date of the Report, but from the date of its adoceiptanee. As the right hon. Gentleman is aware, liquidation has in fact been suspended as from 31st August.