HC Deb 03 February 1948 vol 446 cc256-7W
Mr. Teeling

asked the Chancellor of the Exchequer how many British subjects, and how many United States subjects are registered as holders of Japanese bonds; when the last registration was made; how many of these bonds are outstanding; how many were redeemed by the Japanese Government during the war; and how many British subjects are registered as holders of Japanese bonds in loans floated in the United States.

Sir S. Cripps

In 1942 persons resident in the United Kingdom were invited to register with the Trading with the Enemy Department particulars of their Japanese property, including bonds. This invitation is still open. Information as to the number of persons so registered as holders of Japanese bonds could not be furnished without disproportionate labour and would be of little value as the registration is voluntary and incomplete. The amounts outstanding at the beginning of the war were approximately £88 million of sterling loans and $276 million of dollar loans. I am not aware that there has been or could have been during the war any effective redemption of foreign currency bonds owned by allied nationals.