HC Deb 25 October 1950 vol 478 cc373-4W
130. Sir H. Lucas-Tooth

asked the Chancellor of the Exchequer what is the total amount which has been paid into the special account established by the Italian Government under Article 79 of the Italian Peace Treaty and the Anglo-Italian Financial Agreement of 17th April, 1947, for the purpose of meeting debts owing from Italians to British citizens; what is the number and total amount of such debts which have been paid; what is the number and amount of those outstanding; and what is the total amount which has been withdrawn or released from the special account for purposes other than meeting such debts.

4. Mr. J. Edwards

Following is the answer:

Position as at 30th September, 1950. Values to nearest £'000.
1. Payments to Special Account:
(paragraph 3 of the Agreement)—
From Custodian and Administrator £
of Italian Property 3,028,000
From Italian Government (by arrangement with H.M.G.) 6,000,000
£9, 028,000

2. Number and value of claims paid:
3,408 claims value £1,912,000
Transferred to Paying Agents of Italian Sterling Loans £2,695,000

Number and value of claims outstanding

As United Kingdom creditors are not required to register claims no accurate estimate of the number and amount of claims outstanding can be made.

Amount withdrawn from Special Account for purposes other than debt settlement