§ 97. Mr. Platts-Millsasked the Chancellor of the Exchequer what are the amounts of German assets on the termination of hostilities held by the Allies and by neutrals, respectively; and if he will make a statement on the progress achieved by the Inter-Allied Reparations Agency in distributing these sums.
§ Mr. D. JayThe 18 Allied countries who signed the Final Act of Paris which established the Inter-Allied Reparations Agency, are estimated to hold German assets amounting to £116 million. Each Allied country is entitled to hold and charge against its reparations share, the German assets under its jurisdiction. No reliable estimate can be given of the total German assets held by neutral countries at the end of hostilities. Agreements with Switzerland and Sweden on the dis-40W posal of German assets have already been made and negotiations are in progress with Spain and Portugal.