HC Deb 23 June 1948 vol 452 cc144-5W
98. Mr. Lipson

asked the Secretary of State for Foreign Affairs how much money owed to British subjects is held in blocked accounts by German banks; and when will payment be authorised.

Mr. McNeil

We have no precise figures, but we estimate that the total is approximately RM. 175 million. Consideration will be given to releasing blocked moneys held in the Western Zones and freeing them for use in Germany by their owners as soon as the currency reform operation has been completed.